GBP/USD Daily Chart |
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The pounds to dollars pair was another beneficiary of the currency majors for the Dollar strength which came on the back of a sell off in the equity markets following the worse than expected NFP data in the US. Yesterday's candle ended the trading session as a wide spread down bar closing below both the 9 and 14 day moving averages but still retaining a degree of clear water above the 40 day. In many ways yesterday's candle has validated the extremely bearish "shooting star" seen
Filed under: Technical
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