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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

Friday, May 20, 2011

GBP/USD intraday: the upside prevails. (US Session)

Pivot: 1.619
Our preference: Long positions above 1.619 with targets @ 1.6275 & 1.632 in extension.
Alternative scenario: Below 1.619 look for further downside with 1.6130 & 1.61 as targets.
Comment: the pair has rebounded on its support and should post further advance.

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