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GBP/USD Struggles To Remain Above 1.30

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

  1. Kaitlin

    Kaitlin Forum Member

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    The Pound's attempts to recover from a five-day loss streak were in vain, as almost all intraday gains were erased yesterday, leaving the Cable relatively unchanged. The failure to appreciate suggests that the bearish trend remains dominant and technical indicators now also support this by giving bearish signals in the[​IMG]

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