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GBP/USD Under The Risk Of Falling Under 1.38

Discussion in 'Technical Analysis' started by Kaitlin, Feb 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Strong US GDP figures caused the Cable to retreat from its daily high of 1.4045, ultimately falling to the lowest in six years. According to technical studies, the given pair is likely to undergo another sell-off, with the immediate support in face of the Bollinger band doubtfully limiting the losses.[​IMG]

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