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May 16, 2012

GBP/USD Trades Below the 2012 Trendline After BoE Inflation Report

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The GBP/USD was already breaking a key support area ahead of the BoE inflation report and Mervyn King's press conference. The 1.5990-1.60 area was a rising trendline that goes back to January 2012. A break below now opens up 1.5780-1.58, and below that opens the 1.5650 area. Technically, the bul... FF News: Technical

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