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GBP/USD Forecast May 29, 2012, Technical Analysis

posted by Avatar FXEmpire 386 days ago in USD, GBP, Technical made popular 386 days ago

The GBP/USD pair attempted to rally during the Monday session, but failed to have any follow through. The pair has been sold off in a steady and ruthless manner, and the fact that the bulls can’t push it higher at these extremes suggests that we have much further to go. The idea that the 61.8% Fibonacci level at the already established 1.5650 suppo
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