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GBP/USD Forecast for the Week of February 20, 2012, Technica

posted by Avatar FXEmpire 892 days ago in USD, GBP, Technical made popular 892 days ago

The GBP/USD pair fell for most of the week, but triggered a sell signal from the shooting star printed the week before. The move will have caught a lot of sellers on the back foot, and this looks like a consolidation move waiting to happen. However, it should be noted that the candle for the Friday session is a shooting star, and at the 1.58 level.
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