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Monday, September 28, 2009

GBPUSD Analysis – Sep 28, 2009

Posted by Harmain at 3:59 PM

GBPUSD drops sharply below 1.5801 (June 8 low) support and reaches as low as 1.5770 so far. Deeper decline is still possible to 1.5500-1.5650 area later today. Near term resistance is at 1.5920 followed by 1.6050, as long as these levels hold, downtrend will continue.

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