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June 13, 2012

GBP/USD Stalls at the 1.56 Handle with a Possible Double Top

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The GBP/USD has been rallying with respect to a rising trendline that represents June's correction, seen in the 4H chart. It should be noted that as the market continues to make high lows, the peaks have been stuck at the 1.56 handle. Note that if 1.56 is broken, we have 1.5635 as a pivot, and then... FF News: Technical

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