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GBP/USD Forecast May 11, 2012, Technical Analysis

posted by Avatar FXEmpire 404 days ago in USD, GBP, Technical made popular 404 days ago

The GBP/USD pair had a back and forth session on Thursday to trigger a buy signal on a break of the hammer top from the previous session. However, the pair also drew back a bit to form a doji. While not completely letting up, this isn’t the greatest of signs at this point. It is now a candle that can be played as a pure doji. In other words, buy if
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