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GBP/USD Risks Falling Under 1.24

Discussion in 'Technical Analysis' started by Kaitlin, Oct 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    On Friday the Sterling failed to reclaim the 1.25 major level, but also managed to remain above the 1.24 level, despite the initial hard slump. However, risks are still skewed to the downside, with the Cable facing a relatively strong resistance area around 1.2460, represented by the weekly PP and[​IMG]

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