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Pound Sterling Intraday Selling To Persist

posted by Avatar forexalliancecom 404 days ago in GBP, Technical, Special

Stuck in a relatively small 50 pip range since the end of last week, the British pound has bounced higher to trade just under the 1.5900 psychological barrier. The barrier could prove to suppress any further upside potential in the underlying currency – as the barrier is being reinforced with other bearish indications.
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