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Daily Analysis for GBPUSD, 26.11.2012 November 26, 2012

The currency pair GBPUSD moved up during the trading session on Friday and it continued to bounce from the 1.58 level. This market is seen as extremely aggressive in upward direction during the last few months, but it seems to slow down lately. A breakout of an ascending triangle over the summer was the catalyst for all this, and now we have retested the resistance area for that triangle as support. An expected level to be hit is 1.63.



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