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September 24, 2012

GBP/USD Retreats After new 2012-High; Still Bullish?

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Bearish divergence: The GBP/USD just barely cracked 1.63 handle to establish a slightly higher 2012-high at 1.6309, before retraceing back below 1.62. It now sits around the 1.62 handle during the 9/24 US session. This is coming off a bearish divergence in the 4H chart, showing a flattening against... FF News: Technical

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