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GBPUSD orders 9 Feb - Dip demand holding falls again but sellers remain poised

GBPUSD orders 9 Feb - Dip demand holding falls again but sellers remain poised

Forex Orders
Mike Paterson
09/02/2018 | 08:49 GMT

Currently 1.3975 after failing into 1.4000

Early demand into 1.3920 after yesterday's GBPJPY-led tumble from 1.4067 highs. Sellers gathering around 1.4000 again and then 1.4030-50. Bids building between 1.3900-20

My rally-sell strategy worked well again above 1.4000, eventually (!) but equally you can carry on buying decent dips.

UK production and trade data out at 09.30 GMT

Offers: 1.4000 1.4020 1.4035 1.4050 1.4065 1.4080 1.4100

Bids: 1.3950 1.3935 1.3920 1.3900 1.3880 1.3845-50 1.3830 1.3800

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