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February 9, 2012

GBP Stalled at 200 day moving average

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GBP/USD has rejected after the breach of the 1.5883 swing high stalled close to the the 200 day moving average at 1.5935. • Still, while 1.5730/1.5789 holds the risk is seen for an attack on psychological 1.6000 then overhead resistance at 1.6096/1.6167 as the 1.5235 swing extends. • Loss of 1.573... FF News: Technical

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