GBP/USD - daily bullish ranging for direction
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, 04-27-2017 at 02:19 AM (832 Views)
No change to Cable, which has flat-lined since the breakout. A minor reaction following a breakout indicates a strong market. Additional sideways trade can’t be dismissed but realize that the reaction low after the breakout is 1.2755. That low represents a re-test of the December high (former resistance providing support…which is bullish).
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