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GBP/USD Classical 02.18

GBP/USD Classical 02.18

2011-02-18 06:58:00
Joel Kruger, Technical Strategist
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GBPUSD_Classical_body_gbp2.png, GBP/USD Classical 02.18

GBP/USD:The market largely remains locked in some consolidation after stalling out by key resistance at 1.6300 several days back. From here, it is difficult to establish a clear directional bias and we will need to see a sustained break above 1.6300 or back below 1.5960 for additional clarity. In the interim, we remain sidelined.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

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