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GBPUSD Plunges On Further Bearishness, Eyes 1.5241/00 Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 6, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD: GBP tumbled further lower during Thursday trading session leaving risk of more weakness on the cards. It now eyes a move lower towards its nearby support located at the 1.5241 level. On the downside, support lies at the 1.5200 level with a break of here turning attention to the 1.5150 level. Further down, support lies at the 1.5100 level. Below here will set the stage for more weakness towards the 1.5050 level. Its daily RSI is bearish and pointing lower suggesting further weakness.

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