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GBP/USD To Undergo A Correction

Discussion in 'Technical Analysis' started by Kaitlin, May 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Although the Sterling was outperforming the US Dollar through most of the previous week, on Friday approximately a half of intraweek gains were erased, with the pair falling more than 100 pips and stabilising in front of the 1.45 mark. The Cable remains supported by the 20-day SMA, which is[​IMG]

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