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Daily Forex Analysis – September 24, 2008

GBPUSD Analysis.
GBPUSD traded in a narrow range between 1.8472 and 1.8641. Further rise is still possible to 1.8900 zone after consolidation. Initial support is at the up trend line from 1.7445 to 1.7916, as long as the trend line support holds, we’d expect up trend to continue. Only fall below the trend line support will take price back to 1.7800 level.

2008-9-24 01

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