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April 26, 2012

GBP/USD Stalls at the 1.62 Handle and Wedge Resistance

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GBP/USD's reaction to Bernanke's speech trumped the reaction to the poor GDP. The GDP data pushed the GBP/USD off its 1.6165 resistance, but Bernanke's speech (which gave no new information) pushed the GBP/USD above the resistance until stalling in the 4/26 US session around 1.62, and the rising... FF News: Technical

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