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January 7, 2012

GBP/USD is Trading at Range Support Again

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GBP/USD failed to reach range resistance near 1.5770 and instead fell to range support, trading near 1.54. The positive non-farm payroll was shrugged off, or perhaps it paved way for more USD-strength. Whatever the reason, daily price action is looking heavy, and the support therefore looks shaky... FF News: Technical

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