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As the UK Observes May Day, GBP/USD Pulls Back

Money Mind - Forex


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Old 07-05-2012, 09:30 PM
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Default As the UK Observes May Day, GBP/USD Pulls Back

The UK is observing May Day, a bank holiday. The price action seen in the GBP/USD is a pullback against last week's decline that went from 1.63 down to 1.6120 (near 38.2% retracement of the Apr 14-30 upswing from 1.5826 to 1.6305. Note that during the dip, the 1H RSI

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