According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6420 with a 1st objective of 1.6540, then 1.6580. A break in 1.6390 would invalidate this scenario.
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Tuesday, August 16, 2011
GBP/USD Intraday Technical analysis 2011-08-16
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6420 with a 1st objective of 1.6540, then 1.6580. A break in 1.6390 would invalidate this scenario.
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