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GBP/USD Technical Analysis April 6, 2009

posted by Avatar FiboFX 1147 days ago in USD, GBP, Technical made popular 1147 days ago

The Pound has continued its uptrend since the beginning of May coming from around 1.3650 to 1.4850. It's recent upward momentum has been well supported by better than expected economic data signaling possible stabilization in UK's economy.

Looking at the 4hour chart, GBP/USD broke key resistance level of 1.4780 opening its next target to the psych
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