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SEB: GBP/USD about to return into the triangle- eFXnews

FXStreet (Łódź) - The eFXnews team comment that SEB points to the end of GBP/USD September reaction with yesterday’s break below the B-wave low, 1.6162.

Key quotes

"The pair is now seen soon re-entering the 2009-2014 triangle and event that will set a longer term move in motion calling for the floor, 1.51-ish, to come under pressure within a few months time."

"Short term we see a relatively high minor reaction risk once falling beneath the prior low point, 1.6052."

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