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GBP/USD Risks Falling Under 1.41

Discussion in 'Technical Analysis' started by Kaitlin, Mar 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Cable managed to recover from its intraday low on Thursday, as fundamental data turned into Sterling's favour. However, the acquired momentum was insufficient for the GBP/USD currency pair to retake the 1.42 major level. The weekly S1 and the 20-day SMA keep forming a relatively strong resistance cluster around[​IMG]

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