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Get latest market information about GBP/USD pair including GBP USD Live Rate, News, Pound and Dollar Forecast and Analysis. Latest GBP market news, analysis and British Pound trading forecast from leading DailyFX experts and research team. We use a range of cookies to give you the best possible browsing experience.
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Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. Bullish Sentiment Erased by Brexit Impasse.
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Your forecast is headed to your inbox. An error occurred submitting your form. Please try again later. Technically, the price is systematically decreasing to support the trend line of the downward price channel on a daily scale with an approximate target of 1.
The indicator line of trend approached this level but the growth rate on the line slowed down, which is a visual sign indicating its imminent turndown. It is possible that the MACD line will not cross the graphic trend line. Thus, the support will range in 1. The first target of the decline is the balance line in the area of 1. The trend line turned down itself, which strengthens the value of the indicator. Also, there was a sign of convergence of the Marlin oscillator with the price but if the quotation overcomes the Friday minimum of 1.
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Meanwhile, the pound lost 48 points in a day. Position added successfully to:
I think it's bullish but i stand corrected. Paul Petersen Sep 28,