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GBPUSD






10/3/2014 8:54:22 AM

GBPUSD - Technical Analysis: Friday, 03/10/2014 12:54 GMT



Strong break to the previously recorded low at 1.6050, and extension with the bearish wave to test 1.6000 barrier.

More waited negativity, and continuous pressure from the exponential moving average 50 and the bears’ power indicator.


Target
Risk


Support
Resistance


Trend Bearish

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