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Cable dips 0.3% in Asian/early European trading on Wednesday after a multiple failures to clear the top of daily Ichimoku cloud. Long upper shadows on daily candles and narrowing ranges in past few sessions, confirmed significance of cloud top barrier, while diverging RSI added to early signals that bulls were running out of steam and […]

The post GBP/USD: Drops After Repeated Rejections at Daily Cloud Top appeared first on Action Forex.

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