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GBP/USD: Triangle Forming
Stocks, Unit trusts, Wealth Management and Forex markets
08-08-2012, 11:40 PM
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The one
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Join Date: May 2000
Location: UK
Posts: 97,352
Potenza rep: 10
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GBP/USD: Triangle Forming
The GBP/USD pair has formed a triangle on the 4-hourly chart. It has found support at the 50-day MA and is rising within the pattern and will probably reach the upper boundary at 1.5765. A move above 1.5850 would give confirmation of an upside breakout and target 1.6180; alternatively a 
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