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July 22, 2012

GBP/USD has 1.55 in sight in the short-term

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The GBP/USD broke above a projected consolidation trendline last Thursday (7/19), but reversed the breakout move completely by the end of the Friday (7/20) session. This held GBP/USD below the June high at 1.5780. Price action reflects a flat corrective structure for the consolidation after May's... FF News: Technical

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