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October 29, 2012

GBP/USD – 1.60 support level continues to hold for now

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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. Over the last month or so, the 1.63 level has presented stiff resistance and demand has declined and the selling increased. Earlier this month, the sterling found support at 1.61 however more... FF News: Technical

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