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GBP/USD Looking to Test the 1.5490 Support Pivot

posted by Avatar FXTimes 324 days ago in USD, GBP, Technical made popular 323 days ago

The GBP/USD broke below a range before the BoE meeting in anticipation of more QE. Indeed, the MPC decided to expand its asset purchase program by £50 bn to £375 bn. Following this announcement the GBP/USD accelerated this week’s losses opening up last week’s low and support pivot near 1.5490...
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