Will we see a short term reversal in GBPUSD?

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With the weakness in the US Dollar Index the past few weeks has noticed that most of the major currency pairs seem to have formed a bottom. EURUSD, for example dipped lower to 1.10975 before easing back from the lows. Likewise, GBPUSD also witnessed a bounce from the lows of 1.49516 levels few weeks ago and has been quietly lifting off from the lows. While this current short term pattern is not...

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2 Comments
  1. FXWorld says

    Thank you for sharing your observations and selecting this topic. Absolutely great points, I really like your point that the rise has also affected the US economy and it cannot be ignored. The FX World is here to provide you various options to trade forex and CFDs.

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