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GBP/USD – no respite… despite oversold intraday indicators
British Pound / U.S. Dollar
GBP/USD – no respite… despite oversold intraday indicators
By TipTVFinance
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Oct 4, 2016
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Oct 4, 2016
The pair respected the falling trend line resistance yesterday and since then has been on a way route to 31-year lows.
The selling is so intense that technical correction does not last more than 20-pips.... this despite being oversold on 4-hr and hourly time frame.
Anyone out there who intends to go long on Sterling should ideally wait for a breach of the falling trendline or for a bullish price-RSI divergence.
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GBPUSD
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TipTVFinance
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