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GBPUSD Holds In Limited Consolidation Before Fresh Attempts Lower, Broken Daily Cloud Base...

Discussion in 'Technical Analysis' started by Kaitlin, Sep 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable trades within narrow consolidation above fresh lows at 1.2992, with recovery attempts being so far limited by initial barrier at 1.3089 (Fibo 38.2% of 1.3245/1.2992 downleg). Despite bullish close, long upper shadow of yesterday’s candle signals persisting downside pressure. Renewed attempt at cracked psychological 1.3000 support, requires sustained break[​IMG]

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