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GBP/USD Technical Analysis August 4, 2011

posted by Avatar FXEmpire 1093 days ago in USD, GBP, Technical made popular 1093 days ago

The GBP/USD pair shot straight up in Wednesday trading, and closed the day towards the top of the range. This is a very bullish sign for cable, but now it is nearing the 1.65 area – an area that has given it trouble in the past. As we stated yesterday – any longs would be short-term at best. If you took that trade, you should have stop losses at br
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