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GBP/USD - Oct. 5

posted by Avatar ronnyrabbit1 964 days ago in USD, GBP, Technical

As we expected, the Pound broke the 1.5902 support, and reached the first suggested target 1.5812, stopping only 10 pips below it, before it started the rise that reached 1.60 this morning. Stopping at this level in specific has a reason: Fibonacci 61.8% for the short-term is exactly at 1.6000, this will be the most important resistance for...
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