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GBP/USD To Retreat From 1.3320

Discussion in 'Technical Analysis' started by Kaitlin, Sep 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The currency pair is lacking bullish momentum near resistance represented by the 23.60% retracement of the Jun 23—Jul 5 sell-off despite fundamentally strong Pound. Nevertheless, the price managed to fetch our target 1.3385/70 (monthly R1 and August maximum) yesterday. There is now a good possibility the bears will take over[​IMG]

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