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Daily Technical Update GBP/USD Reassessing Trigger

posted by Avatar FXTimes 809 days ago in USD, GBP, Technical made popular 809 days ago

4H and 1H: The market corrected the opening rally for GBP/USD during the Asian/European session. The pair was also supported at 1.6500, above the previous low, within the previous short-term consolidation area. (Refer to Daily Technical Update 11.23.2009). However, this trigger came from a sharp reversal and may have reduced the reward to risk.
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