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GBPUSD Analysis - 29 Nov 2010

GBPUSD Daily Chart Analysis

Friday closing broke the previous support @ 1.5650 which shown sign of bearish movement. However, we need to see further price closing below 1.5500 to test the bullish TL.

Immediate resistance will be around 1.5630 ( pink line)
Next resistance will be 1.5820 range ( yellow bar)
Next support will be 1.5520 range ( cyan bar)




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