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GBP/USD Classical 02.28

GBP/USD Classical 02.28

2011-02-28 06:49:00
Joel Kruger, Technical Strategist
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GBPUSD_Classical_body_gbp2.png, GBP/USD Classical 02.28

GBP/USD:The market largely remains locked in some consolidation after continuously stalling out by and ahead of key resistance at 1.6300. From here, it is difficult to establish a clear directional bias and we will need to see a sustained break above 1.6300 or daily close back below 1.6100 for additional clarity.

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

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