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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

Wednesday, June 8, 2011

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

Pivot: 1.6380.
Our Preference: LONG positions @ 1.639 with 1.646 & 1.65 in sight.
Alternative scenario: The downside penetration of 1.638 will call for a slide towards 1.635 & 1.631.
Comment: the RSI is supported by a rising trend line, the pair stands above its support.

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