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GBPUSD hidden bearish divergence confluence

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The BOE's MPC voted 8-1 to keep rates unchanged at 0.5 % and there was no surprise for the market. We know that UK policy is determined by UK inflation look, so even fundamentally the pair is still dovish. Technically any pullbacks within POC zone 1.5180-1.5200 could be sold into as the pair is showing a strong hidden bearish divergence. Remember - hidden divergence hints that the main trend will continue so the bears are still in control. POC zone (H3, hidden bearish divergence,61.8, bearish

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