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GBP/USD Forming A Head And Shoulders Reversal

Discussion in 'Technical Analysis' started by ActionForex.com, May 15, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The GBP/USD rallied today paring some of the losses sustained after yesterday's BoE announcement. Based on this 1h chart we see the final leg of a Head and Shoulders forming. This is a particularly interesting Head and Shoulder due to placement of the neckline at 1.5085. We have seen this...

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