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British Pound Technical Outlook

Monday, 22 September 2008 14:49:15 GMT

Written by Jamie Saettele, Senior Currency Strategist

On Friday I wrote that “a push into the former congestion zone of 1.8510-1.88 is likely next week.” 

The 50% of the decline to 1.7443 is at 1.8647 and in the center of this zone.  Expect resistance near there

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