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GBP/USD Clears Below Rising Trendline

Money Mind - Forex


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Old 02-05-2012, 09:51 PM
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Default GBP/USD Clears Below Rising Trendline

The GBP/USD broke below a rising trendline seen in the 4H chart. This came after a rally from near 1.58 up to 1.63. 1.63 was a pivot coincident with a declining trendline. From the 1.63 handle, the market fell through the the rising trendline, but initially traded sideways in the

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