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October 31, 2012

Can GBP/USD Break out of Consolidation?

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Holding some bullish momentum: The GBP/USD remains in consolidation, but is holding on the bullish momentum shown in the latest upswing from 1.5910 to 1.6143. The 4H RSI reading kissed 70 during this swing, and is now holding above 40, suggesting it might be building up bullish momentum. If this is... FF News: Technical

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