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Cable is holding within a narrow consolidation in early Wednesday’s trading as bears started to run out of steam after steep fall (down 1.85%) in past three days. Tuesday’s break and close well below pivotal supports at 1.2846 (Fibo 76.4% of 1.2664/1.3434 / former base) and 1.2817 (200DMA) generated strong bearish signal. Markets await release […]

The post GBP/USD Outlook: Bears Take a Breather After Sharp Three-Day Fall appeared first on Action Forex.

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27/08/2024

XAU/USD Outlook: Extended Consolidation Likely to Precede Fresh Acceleration Higher

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