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GBPUSD






12/4/2014 2:13:26 AM

GBPUSD - Technical Analysis: Thursday, 04/12/2014 07:13 GMT



Retesting the previously broken minor ascending channel’s support line and holding below it keeps the negative pressure valid, with negative signal from stochastic reinforces the chances to decline.

The price stability inside the medium term descending channel, and calm rise at the bears’ power indicator.


Target
Risk


Support
Resistance


Trend Bearish

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