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GBP/USD Still Glued To 1.53

Discussion in 'Technical Analysis' started by Kaitlin, Oct 13, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Cable appears to have entered a consolidation period, as it keeps gravitating towards the 200-day SMA. This trend is yet to be confirmed by the Sterling's possible decline towards the monthly PP around 1.53 today. A correction is likely to take place, but a number of fundamentals could strengthen[​IMG]

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