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GBPUSD Pulled Back From 50-Day EMA

Discussion in 'Technical Analysis' started by Kaitlin, Feb 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Even as upbeat data-points from the UK, coupled with not so dovish remarks in BoE's quarterly inflation report, fueled the GBPUSD's recovery from 1.4080 towards marking the highest level in a month, the pair failed to surpass the 50-day EMA on a closing, indicating a pullback to 1.4360-50 immediate support.[​IMG]

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