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GBPUSD rounding bottom in progress

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBPUSD is in uptrend and recent comments from BOE gov. Carney could be used for buying lower where POC is. Lower inflation, Brexit risks, and services sector is the main risk for UK economy. For all who don’t know it yet, UK is mainly a Services economy, about 78% of GDP is Services and GBP is heavily influenced by the capital flows from the financing hub of London. Technically GBPUSD is bullish with occasional “sell the rips” as I have already pointed out. Intraday chart shows a Rounding

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