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GBP/USD Sets Eye On 1.55

Discussion in 'Technical Analysis' started by Kaitlin, Nov 2, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Last Friday the Cable managed to erase all week's losses and even stabilise above 1.54, amid poor US fundamentals. Today the GBP/USD is expected to extend its rally, with the nearest resistance located around 1.5480, namely the 100-day SMA, which prevented the Sterling from climbing higher for three weeks in[​IMG]

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