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May 29, 2012

GBP/USD Ranging Between 1.5730 and 1.5635

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The GBP/USD is consolidating in a range between a 1.5720-1.5730 resistance area and 1.5635-1.5640 support area. The 1H chart shows the range the fact the the market had just respected range resistance in the 5/29 European session. The 1H RSI reading has been held between 40 and 60, also a sign for... FF News: Technical

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