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GBPUSD Trading Close To An Important Support

Discussion in 'Technical Analysis' started by Kaitlin, Dec 4, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    After failing to move back above 200-day SMA, the pair on Wednesday dropped to its lowest level since late April. Although the pair momentarily dropped below 1.4900 mark, but it has managed to hold an important support confluence near 1.4940-30 area on daily closing basis. This 1.4940-30 support comprises of[​IMG]

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