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Pound/Dollar: Expected Return to LB

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly The forecasted target was reached on the European session. The forecast didn’t coincide with the actual price movement along the wave structure. The pound/dollar dropped to 1.4993. Due to a fall in the euro/pound, the pound/dollar rebounded from a 1.4993 session minimum. The pound renewed by one figure to 1.5097 as part of a correction. The price dug its heels into the resistance which had formed from the 1.5135 and 1.5126 peaks. Taking the state of the hourly indicators and Carney’s

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