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Daily Analysis – GBP
By: Forexltd - 06-10-2008
0votesThe pre-planned sells from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked relatively high level of bearish activity considering the chosen strategy gives reasons for the preservation of sells planning priorities for today as well and at the moment we assume the possibility of pair return to the close 1.7640/60 resistance range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.7560/80, 1.7500/20 and/or further breakout variant up to 1.7440/60, 1.7380/1.7400. An alternative for buyers will be above 1.7840 with targets 1.7880/1.7900, 1.7960/80, 1.8000/20.
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