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    Fx trend is offline Member
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    Default Forex Trend: GBP/USD weekly, 15.11 19.11

    GBP/USD

    GBP/USD is in sideways trend а2-а2+ and bounces from the main resistance 1.6160. In case the market continues its movement down its support level 1.5975, we could exect a downtrend to form going to reach the level 1.5675 with intermediate support level 1.5890 (lower limit of uptrend В-В+).
    Development of uptrend can be expected in case fo growth over the level 1.6160 triggering an upward movement to the strong support 1.6280. If breaking through this level, GBP/USD is expected to reach 1.6445.



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    Last edited by Fx trend; 11-15-2010 at 05:58 AM.

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