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GBP/USD Struggles To Regain Bullish Momentum

Discussion in 'Technical Analysis' started by Kaitlin, Jan 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Friday the GBP/USD currency pair pierced the 2015 low, falling to a fresh six-year low, amid strong US NFP figures. From the technical point of view the Cable should undergo a corrective rally today, as the bearish momentum persisted for two weeks straight; however, risks of edging lower persist,[​IMG]

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