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July 3, 2012

GBPUSD: Recovery risk points higher

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With GBP reversing most of its previous week losses to close the week higher, further upside risk is expected despite its present price hesitation. Further out, resistance stands at the 1.5774 level where a violation will target the 1.5857 level. A breach if seen will aim at the 1.6000 level. Price... FF News: Technical

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