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August 27, 2012

GBP/USD pivots from 61.8% retracement to test broken triangle

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The GBP/USD is so far holding below the 1.59 handle, and 61.8% retracement of the 1.63-1.6268 bear swing in May. As you can see in the daily chart, the pair was rejected there at 1.59, which also happened to a trendline projected from the previous 2 resistance pivots. Another observation is that as... FF News: Technical

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