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GBPUSD remains in uptrend from 1.5197

Discussion in 'Technical Analysis' started by ForexCycle.com, May 5, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    GBPUSD remains in uptrend from 1.5197, the fall from 1.5605 is likely minor consolidation of the uptrend. Support is at 1.5465, as long as this level holds, the uptrend could be expected to resume, and next target would be at 1.5700 area. On the downside, a breakdown below 1.5465 will indicate that consolidation of the longer term uptrend from 1.4831 (Mar 12 low) is underway, then deeper decline toward the upward trend line from 1.4831 to 1.5034 could be seen.

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  2. researchvia

    researchvia New Member

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    MCX COMMODITY MARKET REPORT TODAY 06 MAY 2013 BY RESEARCH VIA

    Source: Commodity MCX Tips
     
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