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GBPUSD Continues To Retain Its Bearish Bias

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPUSD: Having remained weak and vulnerable to the downside, GBPUSD continues to retain its bearish bias. Despite its present price hesitation, we look for the pair to extend its past week losses in the new week. Support lies at the 1.4800 level where a break will turn attention to the 1.4750 level. Further down, support lies at the 1.4700 level. Below here will set the stage for more weakness towards the 1.4670 level. On the upside, resistance stands at the 1.5000 levels with a turn above

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