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Forex Trading: Gbp/Usd Tests 200 Hour M/a
Written by article default Thursday, 24 February 2011 09:39
Gbp/Usd tested its 200 hour m/a of 1.6146 in recent trade and could not break below. Short term resistance lies at 1.6165 which is the 61.8% fibo of move from 1.6272 down to 1.6099. Stronger resistance should come in at 1.6201 where the 100 hour m/a lies.
