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GBPUSD Weekly Analysis - February 7, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 07 February 2016 05:47 UTC
GBPUSD's bounce from 1.4080 extended to as high as 1.4591. As long as 1.4600 resistance holds, the bounce could be treated as consolidation of the downtrend from 1.5929 (Jun 18, 2015 high), another fall towards 1.3700 could be expected after consolidation.

gbpusd chart

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