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GBP/USD To Undergo A Correction

Discussion in 'Technical Analysis' started by Kaitlin, May 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    A set of positive US fundamentals caused the British Pound to plunge against the US Dollar on Friday, with the 100-day SMA managing to limit the losses. The given SMA is also providing strong support today, where demand could be sufficient to cause a corrective rally. The Cable would then[​IMG]

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