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GBPUSD pulls back to 1.8306 level

Discussion in 'Major Currency Pairs' started by ForexCycle.com, Sep 25, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    GBPUSD pulls back to 1.8306 level. Further fall to test the support of the up trend line from 1.7445 to 1.7916 is still possible later today, a break of the trend line support will signal further decline to 1.8200 zone. Key resistance is now located at 1.8668, a break of this level will indicate that a short term cycle bottom has be formed, and further rally could be seen to 1.9000 level.


    Daily Forex Forecast

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