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Gbpusd Might Be Forming A Short Term Cycle Top

Posted on 03/27/2008 17:10:42 | Link | Post Comment

GBPUSD’s rebound from 1.9736 extends to as high as 2.0193. The pair might be forming a short term cycle top on 4-hour chart. Key support is located at 1.9926, a break of this level will confirm the cycle top and deeper decline to test 1.9736 previous low support could then be seen.

 

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