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August 13, 2012

GBPUSD: Bears Still Remain In Control

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The pair remains biased to the downside medium term as it looks to weaken further. As long as it holds below its major resistance at the 1.6300 level, our bias remains lower. This leaves the risk of further weakness towards the 1.5266 level with a cut through here targeting the 1.5000 level. We... FF News: Technical

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