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Market Trend (EU Pair n Cross)


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Market Trend (USD Pair n Cross))


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Forex Market Movement

Wednesday, May 18, 2011

GBP/USD intraday: under pressure. (US Session)

Pivot: 1.621
Our preference: Short positions below 1.621 with targets @ 1.61 & 1.607 in extension.
Alternative scenario: Above 1.621 look for further upside with 1.6255 & 1.629 as targets.
Comment: the pair is under pressure and is breaking below its support, the RSI is badly directed.

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