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Slowly but surely the GBP charts start to paint a new picture

Discussion in 'Technical Analysis' started by ForexLive, Oct 7, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    We're not out of the woods by a long way but if you just give it time the technical picture develops For now the pound has found its level between 1.23 and 1.24. Does this mean we jump in and start going elbow deep in trades? Of course not but what we do see, if we allow it time to happen, is that the levels start developing. It's like an old house that's been torn down and we're now seeing a new one going up.

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