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October 17, 2012

GBP/USD Cracks Consolidation Trendline with Focus on 1.63

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Consolidation breakout: The GBP/USD continued to rally since the rounded double bottom spotted last Friday (10/12). The rally has pushed the 4H RSI above 60, showing lost of bearish momentum, and has broken above a falling trendline that held the consolidation since the high just above 1.63. As we... FF News: Technical

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