LiteForex - Analytics

    LiteForex

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    GBP/USD: analysis and forecast on 09.04.2015

    Throughout three weeks the pair has traded in the range of 1.4750-1.5000, trying to exceed the limits. The upper limit of the channel coincides with Fibonacci retracement of 38.2%, which is unlikely to let the price go further up. Since the beginning of this week the pair GBP/USD has been trying to go up; however these attempts have not been successful. At the moment the pair is testing the lower limit of the channel.

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