GBP/USD Risks Falling Under 1.44

Discussion in 'Technical Analysis' started by Kaitlin, May 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Sterling experienced substantial volatility on Thursday, but remained almost completely unchanged against the US Dollar, unable to stabilise above the immediate resistance in face of the 20-day SMA. The Cable could post more gains today, but the slowing bullish momentum suggests that bears are likely to take over. Moreover,[​IMG]

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