On Friday Pound/Dollar traded within 70 pip range. The Cable depreciated from 1.5700 to 1.5629 on Friday, in line with the negative money flow sentiment at bellow -17%, closing the week at 1.5660. Today the British Pound commenced a recovery, lifting up to 1.5717. On the 1 hour chart the downward channel still looks good, while on the 3 hour chart wide range trading has formed.
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