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July 18, 2012

GBPUSD: Maintains Its Nearer Term Upside Tone

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A third day of bullish build up saw GBP closing higher on Tuesday suggesting further gains could target 1.5720 level, its July 02'2012 high. A breach will expose the 1.5774/78 levels. Beware of this zone as it harbors its Jun 20'2012 high and its daily 200 emas, two key resistance levels. However,... FF News: Technical

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