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November 29, 2011

GBP/USD – Declining Channel Intact as Correction Rally Fails at 1.56

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The GBP/USD started the week with a corrective rally. The rally has so far shown a loss of bearish momentum in the very short-term as the 1H RSI broke above 60. Failing to break above 70 however the RSI reading reflects a weak bullish attempt so far. On the way back down, there are some

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