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Trade of the Week: GBPUSD capped below 200-day SMA?

From forextime.com

Despite punching above the 1.2320 level earlier this month, bulls were halted below the 200-day SMA which saw prices slip back within a wide range on the daily charts. The GBPUSD has been stuck within this range since late September with key support at 1.2080. Given the barrage of economic reports from the United Kingdom and various events that could rock the dollar - a significant move could be on the horizon for the GBPUSD. Here are 3 factors to watch out for this week: Key UK data The string of key UK economic data this week could offer fresh insight into the health of the economy and influence expectations around ... (full story)

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  • Category: Technical Analysis