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British Pound Crosses Diverge

Discussion in 'Technical Analysis' started by ActionForex.com, May 14, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The GBPAUD downtrend may be nearing an end. We have focusing on the resistance line drawn off of the 8/17/07, 12/17/07, and 3/20/08 highs. As long as price is below there, the bear bias remains. Potential support is at a line that is extended from the 10/29/07 and 2/28/08 lows;...

    complete article here...
     
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