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Chart Of The Day: GBP/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 9, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Price action on GBP/USD, as shown on the accompanying 4-hour chart, has consolidated into a relatively tight triangle formation. This occurs after price retreated from major resistance just below the 1.5 price region, which was tested twice since the beginning of the year. In the event of any bearish breakdown...

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