GBP/USD Trades In Murky Waters

Discussion in 'Technical Analysis' started by Kaitlin, Oct 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Monday ended with the Cable edging only 27 pips higher, but with risks still skewed to the downside. The pair remains located under a strong resistance area, represented by the weekly PP and the monthly S3, which together are likely to cause the exchange rate move lower. Even though technical[​IMG]

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