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GBP/USD Risks Falling Back Under 1.42

Discussion in 'Technical Analysis' started by Kaitlin, Mar 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Despite weak UK data, the GBP/USD currency pair managed to recover from its daily low and end the week with five consecutive rallies. If the Sterling succeeds in preserving its current bullish trend, the exchange rate could reach the 1.49 mark within two months; however, technical studies in all timeframes[​IMG]

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