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Forex Trading GBPUSD continues its liquidation. Approaches support

Written November 3, 2008 at 11:09 AM EST by Greg Michalowski 

The GBPUSD continues the sharp sell off.  The pair is now approaching the support at the 1.5801 level which corresponds to the 61.8% retarcement of the corrective move higher.  Look for some support.  A break solicits additional stops 

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