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GBPUSD Holds Bullish Momentum Despite Renewed Attempts Lower

Discussion in 'Technical Analysis' started by Kaitlin, Aug 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro maintains near-term bid against the dollar, as extended bounce from 1.1243 correction low, attempted again above 1.1300 barrier (also hourly cloud top). Near-term studies are mixed, while daily technicals remain constructive, with rising daily Tenkan-sen (currently at 1.1270), underpinning the action. Sustained break above 1.1300 and 1.1311 (Fibo[​IMG]

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