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Daily Analysis for GBPUSD, 14.11.2012 November 14, 2012

The currency pair GBPUSD tried to rally at first during the yesterday trading session, but later it went back at the 1.59 level. The result was a shooting star, the top of which could be considered as resistance. Thus traders should buy above this level. Besides, the level of 1.60 is seen as strong resistance. A break of the bottom levels from the yesterday session would be a signal for reaching the 1.57 level.



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