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GBP/USD Forecast February 10, 2012, Technical Analysis

posted by Avatar FXEmpire 102 days ago in USD, GBP, Technical made popular 102 days ago

GBP/USD rose slightly for the Thursday session after first behaving very strongly. In fact, the resulting candle is a shooting star, and shows weakness going forward. The 1.58 level just below it is support however, so this could simply be the start of consolidation. The pair has risen far too quickly over the recent weeks, and a pause would be wel
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