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Short term correction looks likely right now on the GBPUSD which should be headed for 1.4380 unless over the next two days it comes back and takes a crack at 1.4170-1.4200. Lately this pair has been a volatile one, good for trading, however very important to hedge where needed. The tone set today is mostly a result of US data points, albeit the liquidity is very thin as we are technically on an Easter holiday in Europe. However, that's more of an important note for those pushing large trading volumes, and we think this pair has the potential to push further higher short term.
www.reuters.com/arti...-forex-idUSKCN0WU00T
Short term correction looks likely right now on the GBPUSD which should be headed for 1.4380 unless over the next two days it comes back and takes a crack at 1.4170-1.4200. Lately this pair has been a volatile one, good for trading, however very important to hedge where needed. The tone set today is mostly a result of US data points, albeit the liquidity is very thin as we are technically on an Easter holiday in Europe. However, that's more of an important note for those pushing large trading volumes, and we think this pair has the potential to push further higher short term.
www.reuters.com/arti...-forex-idUSKCN0WU00T