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Indices awaiting a reversal, and potential upside for sterling?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Joshua Mahony, Market Analyst at IG, joined Tip TV in today’s Finance show, to share the outlook for FTSE 100, Dow Jones, GBP/USD and GBP/JPY. FTSE 100: Double top Mahony looks at the technical charts for the FTSE 100, noting that the index broke above a major point of resistance at 6300. The 4-hourly charts suggest that the index sees a potential double top formation and is reversing lower. Mahony explains how the price action on the footsie is mostly related to oil and mining stocks, and

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