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Forex technical analysis: GBPUSD breaks again...

....and fails again

There it goes again. The GBPUSD took a fall over the last few minutes and in the process fell below the 200 hour MA at the 1.2262 level. This is the 2nd look below the level and the price is threatening to fail for the 2nd time. Traders looking to play the fail - stay above the MA line.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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