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GBP/USD Trades In Murky Waters

Discussion in 'Technical Analysis' started by Kaitlin, Sep 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    A strong reading of the UK Manufacturing PMI yesterday allowed the Sterling to take the upper hand versus the US Dollar, with the exchange rate reaching the tough resistance area 1.33. However, the Pound was unable to climb over this major level, but technical indicators suggest that another rally could[​IMG]

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