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GBP/USD Risks Falling Back Under 1.30

Discussion in 'Technical Analysis' started by Kaitlin, Aug 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The fundamentals turned in Sterling's favour on Tuesday and along with the strong support cluster around 1.2850 caused a substantial rally in the Cable. Consequently, the Pound almost completely erased all previous week's losses, having closed just on top of the weekly R1. However, technical studies keep giving bearish signals,[​IMG]

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