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Greg Michalowski

GBP/USD Below 200 Hour Moving Average And Above 100 Hour Moving Average

By Greg Michalowski on October 30, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The 200 hour MA comes in at the 1.6445 level.  The 100 hour MA comes in at the 1.6416 level.  The price has been very volatile but if the price can stay below the 1.6445 level on this correction, the downside might reassert itself. Keep an eye on the 1.6445 level with a break of 1.6416 likely to pressure further.

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