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GBP/USD Stabilizes Around 1.50
Technically speaking, we've formed some new uptrend lines for the Cable to compensate for yesterday's selloff. Our uptrend lines run through 4/30/2009 levels, or the 1.47-1.48 area. Hence, the Cable could continue to have support around this area over the near-term. As for the topside, the Cable faces multiple downtrend...
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