GBP/USD Risks Stabilising Under 1.45

Discussion in 'Technical Analysis' started by Kaitlin, May 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Sterling weakened against the US Dollar for the third consecutive time yesterday, but with the pair losing only 13 pips. During the previous slumps the Cable was edging lower less and less, suggesting that a possible trend reversal is at hand. Technical indicators are now giving distinctly bullish signals[​IMG]

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