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GBP/USD: Risks Skewed To The Downside

Discussion in 'Technical Analysis' started by Kaitlin, Apr 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Thursday the Sterling declined against the US Dollar, with the nearest support, namely the weekly PP, managing to limit the losses. Ever since the Cable bounced back from the five-week down-trend, the exchange rate kept edging lower. The weekly PP retains its role of the nearest support, but is[​IMG]

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