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GBP/USD: Renewed Downside Pressure Ahead Of Fed Wednesday

Discussion in 'Technical Analysis' started by Kaitlin, Dec 15, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Last week's GBP/USD rise was largely the result of a broad pullback for the US dollar, which saw substantial profit-taking after having shown persistent strength recently ahead of an expected rate hike by the US Federal Reserve this week. This rise for GBP/USD last week occurred in spite of several[​IMG]

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