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GBP/USD Subdued Ahead Of BoE's Decision

Discussion in 'Technical Analysis' started by Kaitlin, Jan 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The British currency extended its bearish trend for another day yesterday, but with the immediate support cluster limiting the losses just above 1.44. The GBP/USD is now under the risk of breaching the monthly S2, with a sell-off towards the six-year low likely to be triggered afterwards. However, a the[​IMG]

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