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GBPUSD continues to march higher and has 1.45 in its sights

Discussion in 'Technical Analysis' started by ForexLive, Feb 3, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The small fundamental positives are all adding up to lift the pound Yesterday it was the draft UK/EU deal that helped the pound out. Today it's the services PMI. None of it was huge news that changes the current landscape regarding BOE monetary policy but put enough small bricks together and you start to build something bigger. Throw in some dollar weakness and we see why the upside is the path of least resistance right now.

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