GBPUSD continues to "sawtooth" its way during correction/consolidation

Discussion in 'Technical Analysis' started by ForexLive, Feb 2, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    8 days of up and downs The GBPUSD has been up one day and down the next over the last 8 trading days. The pair closed at the 1.44315 yesterday. It was near the highs. Today, there was a push to new corrective highs at 1.4445 (yesterday's high reached 1.44438). The price has moved back lower over the last few hours and back below that closing level. Down on the day. Fits the pattern.

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