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GBP/USD Risks Breaking The Four-Week Bullish Trend

Discussion in 'Technical Analysis' started by Kaitlin, Feb 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The British currency started the week with a rather serious decline, but with the support line untested. Technical indicators are shifted from bullish to mixed signals in the daily timeframe, suggesting a possibility of a bearish reaction today exists. The up-trend is reinforced by the monthly PP, the weekly S1[​IMG]

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