GBPUSD: Struggling To Put In A Temporary Bottom

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While the pair continues to struggle to put in a temporary bottom, its broader bias remains lower. This view remains valid as long as GBP holds below its Dec 17’10 high at 1.5645 and the 1.5906 level. A cap is likely at the latter level if tested. Its daily stochastics

Post Title: GBPUSD: Struggling To Put In A Temporary Bottom
Author: admin
Posted: 31st December 2010
Filed As: Forex, Technical Analysis
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