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Technical Analysis for GBPUSD 1 Mar 2010 |
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Written by Administrator
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Tuesday, 02 March 2010 |
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The GBPUSD was indecisive on Friday. Price attempted to push lower,
bottomed at 1.5150 but closed higher at 1.5249. The bias is neutral in
nearest term but overall I am still in bearish mode for this pair with
potential target around psychological level 1.5000 this week. Immediate
resistance at 1.5250. Break above that area should lead us into no
trading zone but the main scenario should remain bearish as long as
price move inside the bearish channel and any upside momentum should
only be seen as a corrective movement.
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