Monday, September 23, 2019
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Technical Analysis – GBP/USD stable near 31-month lows

GBP/USD stable near 31-month lows; bears may keep the upper hand. Last week’s aggressive downfall to a 31-month low of 1.2078 turned GBP/USD players indecisive, with the price sliding sideways within the narrow 1.21-1.22 boundaries and well below-moving averages afterward. Speculations for an upside correction are rising as the fast-Stochastics continue to head north after

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Technical Analysis – GBP/USD lacks bullish signals

GBP/USD lacks bullish signals near six-month lows. GBP/USD returned to the red zone and near a key support area around 1.25 after attempting to recover during the past three sessions. Chances for a meaningful rally in the short-term are currently viewed as minimal as the market action continues to take place comfortably below the simple moving averages (SMA) and

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