GBP/USD 3 Day’s Recovery Lost In 1 Day

February 4, 2013 by  
Filed under FX News

On Friday Pound/Dollar decreased with 190 pips, losing all earlier 3 day gains in one day. The Cable depreciated from 1.5879 to 1.5687 on Friday, in line with the negative money flow sentiment at under -15%, closing the week at 1.5688. Today the British Pound weakened slightly further, reaching 1.5678.

Technical Analysis

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