GBPUSD Classic Technical Report 07.11.2012
Prices continue to tread water above support at 1.5484, the June 28 low. A break downward initially exposes 1.5414. Alternatively, a breach above near-term resistance at 1.5555 targets 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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