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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

Monday, June 6, 2011

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

Pivot: 1.6375.
Our Preference: LONG positions @ 1.6385 with 1.6475 & 1.6515 as next targets.
Alternative scenario: The downside breakout of 1.6375 will open the way to 1.6325 & 1.628.
Comment: the pair has struck against its resistance and is facing a pull back on its new support.

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