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Pound/Dollar: Expected Growth to 1.5357

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly My expectations for the pound came off in full. The GBP/USD rose to 1.5335 at the US session. From a 1.5335 maximum, the pound rebounded to 45 degrees. For us to see a continuation of this strengthening against the dollar, we need to see it rebound lower. If we take a look at the technical picture on the daily, the closest target is 1.5390. The fundamental side is bare, so I’ve gone for a GBP/USD rise to 1.5357 on my forecast. The CIF dollar rate is down due to a closure of long

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