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Chart Of The Day: GBP/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 27, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Price action on GBP/USD, a daily chart of which is shown, has been displaying steady dollar-strengthening for the latter half of this past week, falling to support just below the 1.4300 price zone before stalling. This occurs after price broke out above a major parallel downtrend channel.

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