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GBPUSD Extends Lower, Fresh Upside Expected After Correction

Discussion in 'Technical Analysis' started by Kaitlin, Sep 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable eases further from fresh seven-week high at 1.3443, posted after Tuesday's strong rally. Softer-than-expected today's UK data put the pair under pressure, signaling correction. The first pivot at 1.3350 (double – Fibonacci support) came under pressure and break lower could extend pullback towards 1.3290 zone (lows of 05/06 Sep/hourly[​IMG]

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