FXstreet.com (C?rdoba) ? The Pound has recovered so far more than 80 pips after falling to 1.6048,…
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Read More Forex GBP USD Cable rises back above 16100
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The Euro continues to be weighed by concerns over Greece’s debt downgrade and the implications for the region’s financial system. The sterling hasn’t been a standout itself with the U.K.’s budget deficit reaching the highest levels since record keeping began in 1993, creating its own credit rating concerns. The concurrent bearish sentiment has left the [...]
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GBP/USD has already regained ground to the 38.2% Fib retracement of the move from 1.6731 to 1.6272 and has declined over 60 points from the respective level. Read More GBP USD Stabilizing After Sharp Losses Key Level 16501
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The GBP/USD has retraced virtually all of it’s losses since early October. The August top of 1.7040 is in striking distance.
The ascending trend-line appears to be containing the current price action. It should be respected as reasonable support.
Read More GBP USD Will there be a double top
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