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GBPUSD Is Close To Important Crossroads

Discussion in 'Technical Analysis' started by Kaitlin, Mar 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Bad inflation data is weighting on the GBPUSD pair (0.3 vs 0.4 expected) and that could possibly mean no rate hike anytime soon and it caused a deeper retracement in the price. Technically we can see an uptrend on H4 time frame and the price is reaching deeper[​IMG]

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