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GBPUSD has a volatile down and back up day. What next?
The GBPUSD has a volatile down and up day. In the European session, the price fell sharply on the back of weaker UK PMI flash data. That move to the downside to the price below its 100-day moving average, but the momentum could not take the price below the low price from last week.After bouncing off of that support, the price action gained momentum when the US flash PMI data came out weaker than expectations. Fast break the other wayThe move to the upside saw the price move back toward the closi...
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Posted: Aug 23 2023, 19:33
Author Name: forexlive
Views: 110712