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GBPUSD - week starts with gap-lower opening on mounting Brexit fears

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    GBPUSD Cable opened with gap-lower, coming under strong pressure on increased concerns that Britain would leave European Union, following comments of influential London Major Boris Johnson, who supported Brexit campaign. Johnson’s comments offset positive sentiment, gained on Friday’s EU-UK agreement, which aimed to keep Britain in the bloc. The pair opened with some 120-pips gap lower and accelerated further at the beginning of European session, after choppy Asian trading. Bearish sentiment

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