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Old 24-07-08, 07:32
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Post Gbp/usd 24/7/8

GBP/USD 24/7/8

1) Short-term Intraday analysis.
Closing of yesterday’s trading within 1.99-1.998 borders does not give any strong movement predictions now. Cable is within 1.997-2.000 support-resistance level. 1.9940-2.0040 levels range seem to be the right daily’s range.
Intraday sentiment: neutral
2) Weekly perspective.
Sterling is still within 1.997-1.999 level and it shows no any directional movements at all. Support level is still within 1.9935-1.9950 levels while 2.005 level seems to be very difficult to be broken.
Intraday sentiment: neutral
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