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October 22, 2012

GBP/USD – 1.60 level continues to hold, but pressure mounts

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The last month or so has seen a slow and steady decline from the long term resistance level at 1.63. In early September, the pound was able break through the resistance level at 1.59 and push towards the round number at 1.60. It paused and consolidated around 1.60 for a couple of days before... FF News: Technical

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