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GBP/USD Sets Eye On 1.42

Discussion in 'Technical Analysis' started by Kaitlin, Mar 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The British Pound remained almost completely unchanged against the US Dollar on Friday, with the monthly PP limiting the losses at 1.4141. However, due to a bearish gap today, trade opened below this mark. Consequently, the monthly PP is now providing immediate resistance, while the second target is located around[​IMG]

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