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GBPUSD eyeing the 100 hour MA at the 1.6349

Written September 22, 2009 at 9:59 AM EST by Greg Michalowski 

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The last 4 hours has seen a hard test of the 1.6349 level in the GBPUSD.  The price has not been able  to move above level today and there is additional resistance at the 1.6365.  Nevertheless a break above  should lead to higher levels in the GBPUSD  with the next target at 1.6395 and then 1.6437.

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