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Chart of the Day - 3/15/2010 – GBP/USD

posted by Avatar jameschen 179 days ago in USD, GBP, Technical made popular 179 days ago

Bearish price action on GBP/USD, a daily chart of which is shown, as of Monday (3/15/2010) morning New York session, has erased much of the gains that the pair made late last week. On Friday after having reached 1.5200 resistance, which represented the upper border of an inverted pennant formation that was broken to the downside earlier in the week
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