GBP/USD on crossroads
March 12th, 2008
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GBP/USD is between strong support and resistance zones. Upside is limited by the recent highs @ 2.0220 and the 50% retracement level @ 2.0240. The downtrend will continue if the support levels 1.9990 (recent lows) and 1.9970 (previous resistnace now support) are broken.
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