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GBP/USD

Thu, Oct 30 2008, 10:59 GMT
by Lea Peters

FXUniversity



GBP/USD

  • Short term :bullish
  • Medium term : bearish
  • Long term bearish

Need to close above 1.6800 to continue recovery. Above 1.7700 will term medium term to bullish. Bulls will get back in charge only on close above1.8700.

On the downside , daily close back below 1.5700 will take previous lows out and could extend its next leg down to 1.4580


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