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11

Oct

GBP/USD Heads Below 1.60 After Failing to Cross 9/30 Highs

Posted by admin as Daily forex analysis

The Cable is moving lower today at a brisk pace after failing to eclipse 9/30 highs and our 4th tier downtrend line. The Cable has proceeded to pullback towards 10/7 lows as the FX markets experience a broad-based appreciation of the Dollar. The GBP/USD’s inability to climb past the aforementioned…

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