GBPUSD Classic Technical Report 08.08.2012
Prices continue to test resistance at 1.5638. Near-term support lines up at a rising trend line set from the June 1 high, now at 1.5511, a barrier reinforced by a horizontal boundary at 1.5484. A break below the latter level 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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