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GBP/USD Remains Subject To Weakness

Discussion in 'Technical Analysis' started by Kaitlin, Jun 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Sterling was unable to preserve the ascending channel pattern last Friday, as it unexpectedly dropped more than 275 pips against the US Dollar, with the decline triggered by the ‘Brexit' polls, showing that majority was voting to leave the EU. With the referendum closing in, the pair remains weak[​IMG]

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