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GBP/USD: Still trapped below 1.4600 as traders warily eye the BOE

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    For the morning after Valentine’s Day, it still feels like love is in the air, at least for risk bulls. European equity markets are trading 3-4% higher across the board, oil (WTI) is rising back to test the 30.00 handle, and the US Dollar Index continues to recover off Thursday’s four-month low. With many US traders off the desk celebrating the President’s Day holiday, trade is likely to slow down dramatically when European markets close, so bears may only have a few hours to turn around the

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