GBPUSD Classic Technical Report 08.03.2012
Prices put in a bearish Three Inside Down candlestick pattern below range resistance at 1.5736 and dropped to challenge 1.5484, a horizontal barrier reinforced by a rising trend line set from the June 1 swing low. A break below this barrier opens the door for a challenge of downside targets at 1.5392 and 1.5270.
Daily Chart - Created Using FXCM Marketscope 2.0
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