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Chart Of The Day: GBP/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 8, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Price action on the GBP/USD daily chart, as shown, has just tentatively poked down below a descending triangle. This triangle is outlined on the chart in dotted yellow. Like all triangles, this one represents a price consolidation with progressively diminishing volatility until a break in either direction occurs. Though it...

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