GBP/USD
March 30th, 2008
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GBP/USD is trading in wide and wild range in the last few weeks. The trend is still down but the market is in consolidation mode. MACD and Stochastics are about to give sell signals. BoE speakers sound dovish and want the cable lower. Support is @ 1.9880 and 1.9720. If t6he latter level is broken we can see a test of 1.9335. Resistance is @ 2.0190 and 2.0270.
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