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GBP/USD Trendline Breakout

Discussion in 'Major Currency Pairs' started by DannyBly, Jun 26, 2008.

  1. DannyBly

    DannyBly New Member

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    GBP/USD has broken the major downtrendline and rallied to the 50% level of the recent downmove. RSI remains bullish. The next major 50% retracement level is at 202.61.

    [​IMG]

    Analysis By TradersLog.com
     
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