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GBP/USD Struggles To Maintain Trade Above 1.42

Discussion in 'Technical Analysis' started by Kaitlin, Mar 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Upon retaking the 1.44 psychological level on Tuesday, the Pound suddenly made a U-turn and slumped to 1.42, amid the events in Brussels. The Sterling now faces a support cluster around 1.4170, represented by the 20-day SMA, the weekly S1 and the monthly PP. Technically, we should see the GBP/USD[​IMG]

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