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GBPUSD Analysis - 23 Nov 2010

Based on daily chart

Major Trend Direction: Up




Based on H3 chart


Price is currently around 61% fibonacci retracement level which happen to be on the trendline too. Strong support can be seen at 1.5890 - 1.5900. If price were to close below these support level then the next level she might try will be around 1.5850 follow by 1.5800.





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