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GBP/USD to close Feb below 2010 low? - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Rabobank explained that GBP/USD is on track to end February below the 2010 low at 1.4231.

    Key Quotes:

    "Such a close would validate the bearish break below the key multi-year trendline at 1.4545 witnessed in January and would keep the downside vulnerable in the coming weeks/months, which is likely to be dominated by prevailing uncertainty about the outcome of the crucial referendum on the UK’s future in the EU."
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