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GBP/USD Retests Down-Trend

Discussion in 'Technical Analysis' started by Kaitlin, Dec 21, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Even though the Cable failed to rebound on Friday, losses were still limited by the pattern's support line. The pair opened above the 1.49 major level again and should experienced a correction after experiencing a whole week of losses. The immediate resistance is now represented by the weekly PP at[​IMG]

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