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03-01-2010, 08:53 PM
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GBP/USD Dives Lower After Election Poll
Technically speaking, we�ve formed some new uptrend lines for the Cable to compensate for today�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. Meanwhile, it will be interesting to see whether the...
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