GBPUSD Classic Technical Report 07.19.2012
Prices are pushing toward resistance at 1.5721 after clearing the top of a falling channel set from the July 20 high. A break above this boundary exposes 1.5777. The channel top, now at 1.5591, has been recast as near-term support.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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