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Forex Trading: GBPUSD breaking lower. Resistance today at 1.9820.

Posted by Greg Michalowski on Thu, 05/01/2008 - 8:02am in

The GBPUSD is breaking lower after moving below the 100 and 200 hour moving average after the 8;30 numbers.  The level for those averages come in at 1.9820.  A move above that level will be needed to negate the intraday bearish sentiment today. 

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