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GBPUSD - Extended Consolidation Seen Ahead Of Fresh Attacks At Key 1.3165 Support

Discussion in 'Technical Analysis' started by Kaitlin, Sep 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Thursday's Doji candle signals indecision, as near-term price action holds within the range for the third day. Repeated failures at key 1.3165 support (daily cloud base Kijun-sen line, triggered extended consolidation, which remains capped under strong barrier at 1.3290 (daily Tenkan-sen line). Near-term studies are in neutral negative[​IMG]

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