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GBPUSD Remains At The Back Foot And Extends Weakness Below 1.2300 Handle

Discussion in 'Technical Analysis' started by Kaitlin, Oct 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable remains in red for the second day, after post-Friday's flash crash recovery stalled at 1.2475. The pair continues to head lower from 1.275 highs, where hourly double-top was formed. British pound's sentiment remains negative of hard Brexit fears, with technical studies also being in firm bearish mode and so[​IMG]

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