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GBPUSD tests 100 day MA at the 1.6414 level

Written November 30, 2009 at 10:46 AM EST by Greg Michalowski 

gregmike-05760

The 100 day moving average (blue line in the chart above) is at 1.6414. The market should find buyers against the level.   A close below this level today will be bearish for the pair.

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