GBPUSD Down but not Out
August 29, 2009 
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While the current direction for GBPUSD is now down on both the Daily and Weekly charts, the direction on the Monthly chart is still higher, with the July low just below 160.00 the level to watch. This pair topped out at a near perfect 50% retracement of the sell-off from March 2008 thru January 2009, and has struggled since. [...]
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