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Tuesday, October 27, 2009

GBPUSD Analysis – Oct 28, 2009

Posted by Harmain at 5:47 PM

After a sharp drop from 1.6692, GBPUSD trades in a range between 1.6251 and 1.6450. Price action from 1.6251 is more likely consolidation of downtrend. Another fall is expected after consolidation and a break below 1.6251 will signal deeper decline towards 1.6000 zone.

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