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It is often what cannot happen that helps dictate a currency pairs price action

GBPUSD races higher in trading today (April 11, 2016)

Why does a market rally when things might be more bearish fundamentally?

Often times, it is because what it cannot do..

The GBPUSD rallied higher in trading today when perhaps the logical thing would have been a move to the downside. Why did it rally? Because it could not go down.

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