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Technical Analysis for GBPUSD 3 Feb 2010 |
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Written by Administrator
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Wednesday, 03 February 2010 |
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The GBPUSD made indecisive movement yesterday, but I think this pair
is still in bullish correction phase now, testing 1.6040 area after
touched bottom around 1.5830/50 area. Break above 1.6040 should trigger
further bullish momentum testing the trendline resistance but as long
as price stay below the trendline, the major bearish scenario should
remains intact. Immediate support at 1.5900. Break below that area
could end this bullish correction re-testing 1.5830/50 area once again.
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