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GBP/USD Forecast February 27, 2012, Technical Analysis

posted by Avatar FXEmpire 884 days ago in USD, GBP, Technical

GBP/USD shot up like it was fired out of a cannon on Friday as the Pound absolutely beat up on the Dollar. The pair has been very choppy lately, and the last two days retraced the entire move that happened the three previous days. The area that we are in is consolidation, and at this point in time it still looks solid.

The 1.59 level above is very
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