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GBPUSD: A Double Top in the Works?

GBPUSD: A Double Top in the Works?

2011-02-24 13:28:00
Ilya Spivak, Sr. Currency Strategist
Share:

A GBPUSD double top may be taking shape below the 1.63 figure as negative RSI divergence hints at fading bullish momentum while prices test support at a rising trend line set from late December. A daily close below 1.6130 today confirms a reversal, initially exposing the 1.60 level.

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