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September 28, 2012

GBP/USD Retreats Back Under 1.62; Swing Projection Targets 1.61

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Bullish breakout: The GBP/USD broke above some resistance factors during the 9/27 session, the main one being the declining trendline going back to the September and 2012-high just above 1.63. However, the first resistance pivot seen at 1.6265 rejected the breakout rally and a sharp throwback is... FF News: Technical

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