Friday, February 27, 2015

GBP/USD Exits Rising Wedge

On Thursday, GBP/USD tested a cluster of resistances around 1.5560 and declined earlier than anticipated. The Sterling breached the lower trend-line of the wedge, which was bolstered by the weekly R1, thus leaving the boundaries of the pattern. The pair even went below the monthly R1, before encountering support around



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