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GBPUSD extends to new session highs as London/Europe traders exit

Discussion in 'Technical Analysis' started by ForexLive, Apr 15, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Looking to end the week higher The GBPUSD has moved to new session highs as London/Europe traders head for the exits. The pair has been helped by the worse than expected Michigan Consumer confidence data. Technically in the NY session there was a brief try to take the pairs price below the 200 hour MA before the Consumer confidence data, but that was reversed once the new data was released.

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