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    GBP/USD: technical analysis on 29.01.2016

    On the daily chart, the pair corrected upward to the middle MA of Bollinger Bands. The price remains below the EMA130 and EMA65 that are directed down. The RSI is testing its end of December resistance. The Composite is testing its strong resistance it cannot overcome since October. MA’s for both indicators suggest a strength of the market. 

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