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Thread: Sterling-analysis

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    Default Sterling-analysis

    The Sterling (GBP) continued to spiral as its recognition of being the G7 highest interest bearing currency continued to ay heavy on the pound. Highlighted by Sterling falling 2% against a revived Japanese currency. Overall the GBPUSD trade with a low 1.9772 and a high of 1.9890 before closing the day at 1.9790

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    Supposed to ascend in the movement to 1.9952 corrective In the event was able to penetrate target points higher than 2.0086 up to 2.0168 and this will be support from the average 1.9802 or 1.9735 stronger on the support ... Stop buying the bottom of the 1.9668

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    Friday was another volatile day for Sterling since it was restricted in a very critical area, which opened the chance for the pound to reverse its direction to the downside. Nevertheless, closing above the key 1.9750 support level provided signs of a coming bullish wave; consequently the expected headings for sterling today are to the upside.

    The trading range for today might be between the key resistance level at 1.9940 and the key support level at 1.9700.
    The general trend is up as far as 1.9650 remains intact targets now at 2.0635 and 2.0740.

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    Quote Originally Posted by ALiR View Post
    intact targets now at 2.0635 and 2.0740.
    no way thes target cant the cable get them in this

    week or this month and may be after tow month

    if that wasent Impossible

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