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Chart Of The Day: GBP/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 13, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Price action on GBP/USD, a 4-hour chart of which is shown, has reached a downtrend resistance line extending from the November high. This occurs within the context of an overall consolidation in the pair with prolonged sideways price action that can readily be seen on the daily chart. In the...

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