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Technical Analysis Daily: GBP/USD

Discussion in 'Technical Analysis' started by ActionForex.com, May 27, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Pound/Dollar made indecisive movement on Tuesday. The Cable tried to decrease, reaching a bottom at 1.5778, then increasing sharply upwards to 1.5957, and closing the day lower at 1.5928. On the 1 hour chart is seen how the Sterling moves in a rectangle, indicating significant consolidation phase after the increasing...

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