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March 9, 2012

GBP/USD Confirming Bearish Breakout; 1.5650 is Consolidation Support

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We saw the GBP/USD in a pullback that rallied to 1.5840 before finding resistance. It showed respect of a head and shoulder and after the non-farm payroll data, the GBP/USD slid below this week's low and is now heading to test the 1.5650 consolidation support. This was support during Jan. 27, 30,... FF News: Technical

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