GBP/USD
January 9th, 2008
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Russian names sales helped the GBP/USD to break strong support @ 1.9650 and reazh 9 mont low against the USD and new life time high against EUR. Next support is 1% MA envelope @ 1.9600 and the daily Bollinger band @ 1.9510. If BoE cuts the rates tomorrow expect further weakness although the oversold conditions.
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