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Wednesday, 4 July 2012

2012.07.03 18:10:55 GBP/USD intraday: the upside prevails.

GBP/USD intraday: the upside prevails.

Update on supports and resistances.
Pivot: 1.564

Our preference: Long positions above 1.564 with targets @ 1.572 &
1.5775 in extension.

Alternative scenario: Below 1.564 look for further downside with 1.56
& 1.557 as targets.

Comment: the RSI lacks downward momentum.

Key levels
1.58
1.5775
1.572
1.5697 last
1.564
1.56
1.557
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