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GBP/USD Forecast May 2, 2012, Technical Analysis

posted by Avatar FXEmpire 388 days ago in USD, GBP, Technical made popular 387 days ago

The GBP/USD pair fell for much of the Tuesday session, only to bounce and form a hammer by the end of the day. The hammer was formed at the 1.62 level, and as a result it looks as if the handle is now going to be supportive going forward.

The pair is very bullish, and as a result strong buy signals like this need to be taken seriously. We are buyi
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