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October 4, 2012

GBP/USD Challenging Bearish Momentum After Breakdown

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Broken trendline: The GBP/USD was able to break down below a rising trendline from August and the 1.61 handle during the 10/3 session. Do far in the 10/4 session, we have seen a pullback from the 1.6065 pivot, which I noted as a near-term target to monitor for support. The pullback gives us a chance... FF News: Technical

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