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Unknownpips replied Jul 28, 2011
It appears the bears have the upper hand. Hourly RSI (close) suggests widening open and close (lower closes). Next stop is around 1.627 if 1.63 is broken.
Cable Update (GBPUSD)

Unknownpips replied Jul 28, 2011
Bulls have no leg to stand on. German unemployment figures + weaker euro area retail sales. Still hope for the bears. 5 min shows engulfing bear candle.
Cable Update (GBPUSD)

Unknownpips replied Jul 27, 2011
Seeing a bearish triangle on hourly... profit take at 1.624? Currently 76pips. Looking to re-enter another position at 1.629
Cable Update (GBPUSD)


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