Forex Trading: Downside For The British Pound Against The US Dollar

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Forex Trading: Downside For The British Pound Against The US Dollar

By Greg Michalowski on February 17, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The GBP/USD touched the 100 hour MA for the 2nd time but backed off. The level currently comes in at the 1.4299 level. The test of the level twice increases the importance. The downside remains the favored side. The low area of 1.4123 to 1.4150 is the target.

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