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GBP/USD forecast

11 March 2009
H4 graph
   There hadn't been formed any confident descending motion upon breaking the "X" trend line. That speaks in favor of a probable repeated breaking of this trend line from current levels. In case the pair rises above "X" (above 1.3890), the resistance at 1.4108 ("C+" trend line) will be reached. If the pair doesn't manage to break the trend line, then level 1.3600 will be reached.
gbp usd graph forex forecast
 
Daily graph
 
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