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GBPUSD remains in uptrend from 1.5484

Discussion in 'Technical Analysis' started by ForexCycle.com, Dec 13, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    GBPUSD remains in uptrend from 1.5484 and the rise extended to as high as 1.5896 level. Support is at the uptrend line on 4-hour chart, now at 1.5733, as long as the trend line support holds, uptrend is expected to continue and next target would be at 1.6000 area. Key support is at 1.5719, only break below this level could indicate that the upward move from 1.5484 is complete.


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