GBP/USD Daily Outlook

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03-04-2010, 07:13 AM

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GBP/USD Daily Outlook

GBP/USD's recovery from 1.4783 might extend further but after all, upside is expected to be limited below 1.5350 support turned resistance and bring fall resumption. Below 1.4975 minor support will flip intraday bias back to the downside. Further break of 1.4783 should target 161.8% projection projection of 1.6456 to 1.5534...

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