GBP/USD: Stalking Pullback

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04-21-2010, 02:30 AM

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GBP/USD: Stalking Pullback

The GBP/USD rally came up almost to the 1.5450 area, but instead was stopped as it tested the 1.54 (61.8% retracement). On Monday's update on GBP/USD, I mentioned it would be better if the market did not close the opening gap.

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