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Short Term Analysis
GBPUSD broke below 1.9599 key support
Thu, May 8 2008, 02:38 GMT
by Franco Shao
GBPUSD broke below 1.9599 key support and reached as low as 1.9502. Deeper decline to retest 1.9337 (Jan 22 low) long term key support is now in favor. Initial resistance is at 1.9772, as long as this resistance holds, down trend will continue.
Published on Thu, May 8 2008, 02:42 GMT
Archive
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Published On Fri, May 16 2008, 00:38 GMT - GBPUSD rebounds from 1.9363 level
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Published On Mon, May 12 2008, 01:24 GMT
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