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GBPUSD Forex Market Analysis - Friday, 06 January 2012 |
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| Trend from past: |
Down |
| Potential trend: |
Bullish |
| Previous top compared to actual price: |
1.5600 |
| Previous bottom compared to actual price: |
1.5400 |
GBPUSD @ London Closing:
- The pair has dropped to hit 1.5450 area and the mood is turning to bearish configuration
- The pair might reverse back up towards 1.5550 level and possibly higher
- Up continuation may take place if the price stays above 1.5500 level
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