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Chart Of The Day: GBP/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 7, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Price on the GBP/USD daily chart, as shown, has reached back down and touched the downtrend line that it broke out above in late June. This level is significant not only because it represents a relatively strong dynamic support/resistance line, but also because the level that price has reached as...

    complete article here...

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