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GBP/USD Remains Subject To Weakness

Discussion in 'Technical Analysis' started by Kaitlin, Oct 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The British currency slumped against the US Dollar on Monday rather unexpectedly, as a March deadline was set for implementing ‘Brexit' yesterday. As a result, the pair slid all the way down to the second support at 1.2845, namely the weekly S2, breaching the falling wedge pattern to the downside.[​IMG]

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