GBPUSD failed to break above the trend line resistance and dropped from 1.5488. Now the fall from 1.5488 could possibly be resumption of downtrend...
GBPUSD failed to break above the trend line resistance
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GBP/JPY Daily Outlook
Daily Pivots: (S1) 141.55; (P) 144.12; (R1) 145.51 GBP/JPY’s fall accelerated to as low as 139.72 so far today and met mentioned target of 50% retracement of 118.81 to 163.05 at 140.93 as expected. Intraday bias remains on the downside for the moment and sustained trading below 140.93 will...
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Thursday, the Australian Bureau of Statistics announced that Australia's trade deficit widened less than expected in September, with both imports and exports on the rise. Nevertheless, September marked the fifth successive month in which Australia has posted a trade deficit. The trade deficit rose...