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Thread: GBPUSD Short term (Intraday)

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    Default GBPUSD Short term (Intraday)

    GBP USD is in a consolidation after the last bearish movement

    The volatility decreases

    Bollinger bands are tightened

    The price should continue to move in 1,9870 / 2,0100 range

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    Default

    thanks for your observation,
    do you have any idea about usdcad too ?

    thanks

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    Default GBP/USD Commentary

    The 150 pip sell off appears to have been a buying opportunity.
    . Longer term charts look like we may be headed to 1.73 with 1.6750 the first resistance. .
    Try to buy this pair at about 1.6350 with a 100 pip stop.

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    Default

    Cable has fallen around 125 pips in the last hour from 1.6410 to break 1.6300 level and reach 1.6285, intra-day low. Currently the pair is trading around 1.6285/95, 1.60% below today's opening price.

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