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    GBP/USD: technical analysis on 07.01.2016

    On the daily chart, the pair is falling along the lower MA of Bollinger Bands, just above the lower border of a descending channel. The price remains below its moving averages that are directed down. The RSI is in the oversold zone and about to test important support level it could not overcome since June. The Composite is testing its end of December support. 

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