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Chart Of The Day: GBP/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 21, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Price action on GBP/USD (a daily chart of which is shown), appears to have respected and bounced up off the long-term uptrend line (represented on the chart by the long green line), after a week-long period of consolidation right at the line. This bounce hints at a potential correction after...

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