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GBPUSD: Sets Up To Retest Key Support Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD: With the pair reversing its intra day gains to close lower on Wednesday, GBPUSD sets up to retest key support zone. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level. Below here will set the stage for more weakness towards the 1.4050 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Resistance stands at the 1.4300 levels with a turn above here allowing more strength to

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