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Pound Could Continue Lower After Pullback

Discussion in 'Technical Analysis' started by Kaitlin, Nov 27, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    GBPUSD has turned sharply lower in the last few days from the neckline resistance and 61.8% Fibonacci retracement level. A turning point down is very sharp that also took out the lower support line of a corrective channel that puts bears in play. That said, traders must be aware of[​IMG]

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