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Posted by on in FX Chart Updates

A still firmer consolidation as expected on Wednesday to probe above 1.5200 and the 1.5221/36 area, but as also anticipated a cap ahead of 1.5270, which capped back on mid-January.

We see further upside correction risk, whilst capped by 1.5270, and see negative pressures intact for mid-February from the January push down through the psychological/ option target at 1.5000.

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Tagged in: Forex FX GBP Gold MPC
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