GBP/USD: Key Levels to Watch |
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The British Pound is still very much in a range against the US Dollar, one lasting over 4 months now. While that range is quite large (1.9541 - 2.0160) and provides lots of great trading opportunities, it is still well worth being aware of the key levels. The fact that 1.9851 has failed to hold as support (along with the weekly 21 exponential moving average) suggests that our bottom at 1.9541 may be tested again some time in the future. If that fails to hold as support, we could
Filed under: Technical
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