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GBPUSD hanging around the lows

Discussion in 'Technical Analysis' started by ForexLive, Feb 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Technically more bearish. The GBPUSD had a volatile time of it after the NFP report. After the initial move higher on the headline NFP numbers, the pair fell sharply lower and took out the 100 hour MA and trend line support in the process. The tumble took the price to what is the day's close at the 1.4450 level. This was just above the high prices seen on February 1 in February 2 at the 1.4444 level.

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