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1/14/2016 2:49:50 AM

GBP/USD suffers from negative pressures - Technical Analysis - 14-01-2016



GBP/USD fell in the short term and intraday levels, with the pair trading within a descending price channel that limited its previous movements in the short term, with the overall guidance from the downward trend in the short and medium terms, and with negative pressure from the simple moving average for the period 50, and finally in the factors list; an influx of negative signals from relative power indicators.

Therefore we expect more losses to come for the pair, especially if it kept trading within that price channel, targeting thereafter the support of 1.4275.


Target
Risk


Support
Resistance


Trend Bearish

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