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Market Trend (EU Pair n Cross)


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Market Trend (USD Pair n Cross))


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Trading Update By ForexCycle

Forex Market Movement

Tuesday, May 10, 2011

GBP/USD Intraday : continuation of the rebound

Pivot: 1.6350.
Our Preference: LONG positions @ 1.636 with 1.6435 & 1.6465 as next targets.
Alternative scenario: The downside penetration of 1.635 will call for 1.6305 & 1.627.
Comment: the pair has broken above a ST declining trend line.

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