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June 8, 2012

GBP/USD Testing Short-term Trendline Near 1.54

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The GBP/USD retreated from the 1.56 level after Bernanke gave no hint of QE. It is now just above 1.54, during the 6/8 US session. This is a pivot, a psychological handle, and also a rising short-term trendline formed by last Friday through this week's price action (June). You can also say that this... FF News: Technical

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