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GBPUSD - Downside Remains At Risk, As Recovery Attempts Fade

Discussion in 'Technical Analysis' started by Kaitlin, Oct 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Yesterday's daily candle with long upper shadow confirms persisting downside pressure, as fresh easing today signals recovery attempts fading. Daily Tenkan-sen Kijun-sen lines are turning south after brief sideways mode, reinforcing overall bearish structure, as the price holds below 1.2200 handle and fresh weakness cracked support at 1.2142 (Fibo[​IMG]

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