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August 22, 2012

GBP/USD Loses Steam at Triangle Breakout Point

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The GBP/USD has cracked a rising triangle pattern seen in the daily chart below. In the 1H chart above, we see that the pair losing steam as it shows a bearish divergence with the RSI and with the upper bollinger band. (The bollinger bands here are 3 standard deviations from the 200-SMA). A break... FF News: Technical

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