GBPUSD Classic Technical Report 08.06.2012
Prices are pulling back from resistance at 1.5638, with sellers aiming to challenge trend line support set from the June 1 high, squarely at the 1.55 figure. The barrier is reinforced by horizontal support at 1.5484. A break lower initially exposes 1.5392. Alternatively, a reversal through resistance aims to challenge 1.5769.
Daily Chart - Created Using FXCM Marketscope 2.0
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