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Pound/Dollar: W-Shaped Model on Daily

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Hourly The end of yesterday saw the dollar down against the UK pound to 1.5314. Meanwhile, the dollar index was trading in a sideways trend. The pound received support from UK industrial production data which came out better than expected. On Thursday there are some important events planned for the currency market. First will be the Bank of England’s base rate decision, then the ECB minutes and those of the FOMC. At 21:00 EET the BoE’s Mark Carney is giving a speech. I didn’t bother making a

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