GBP/USD Classic Technical Report 07.09.2012
Prices are testing below support at 1.5484, the June 28 low. A confirmed break lower exposes 1.5414, followed by the 1.53 figure. Near-term resistance lines up at 1.5555, with a breach above that targeting the July 2 high at 1.5721.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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