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Trading volatility on GBP/USD

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Cable has been in a protracted bear trend since it broke the psychological barrier of 1.5000 last December. More recently however it has been showing signs of a correction after having been driven to extremely oversold levels. Since it reached a recent low of 1.41245 on 20th December it has managed to gain back some ground to current levels above 1.44500. Sterling’s demise came as the Bank of England (BoE) made a U‐turn in the possibility of raising interest rates while the US went ahead and

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