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GBPUSD Forex Market Analysis - Friday, 21 October 2011 |
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| Trend from past: |
Down |
| Potential trend: |
Bullish |
| Previous top compared to actual price: |
1.5900 |
| Previous bottom compared to actual price: |
1.5500 |
GBPUSD @ London Closing:
- The pair is currently hesitating around 1.5700 region and the mood turned to mixed weak up
- The pair might continue the up move towards 1.5900 level before confirming the possible reversal
- Up continuation may continue place if the price stays above 1.5550 mark
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