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Greg Michalowski

British Pound Encounters Light Resistance

By Greg Michalowski on August 3, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

gbpusd-1h-aug3

As the GBP/USD continues its move toward the 1.6900 level, the long term 50% fibo level at 1.6829 appears to have acted like a springboard propelling the pair higher.

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