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January 27, 2012

GBP/USD Forms Double Top as Market Breaks 1.5660

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The GBP/USD has been resilient, but the bull run since 1/27 Asian-European session could not clear the 1/26 high at 1.5733. After the US stock market opened at 9:30 AM EST, the GBP/USD started to turn around, and in the following hour candle is falling back toward the previous session's lows. The... FF News: Technical

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