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GBPUSD has similarly suffered at the hands of the resurgent dollar, with the pair falling back to trendline support. With price marginally below that, it has stalled around the 1.2513 level. That is the lower level
EURUSD has begun to turn lower, having rallied into the 76.4% retracement yesterday. It is clear that we remain within a clearly defined downtrend throughout May so far and thus we would need to see an
EURUSD continues to grind higher EURUSD is breaking through the key resistance at 1.1230 this morning, which provides a bullish short term signal. This is no doubt a countertrend move, yet the retracement higher seems likely
GBPUSD The shallow pullback in GBPUSD has meant that losses have been contained, and for now the $1.44 area, and the 100-day SMA nearby have acted to constrain further downside. A push above $1.45 is needed
GBPUSD Yesterday’s disappointing manufacturing PMI reading set the stage for losses in cable, and with the failure to break $1.4670 once again it looks like the pair is in for an extended move lower on the
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