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Old 06-11-08, 07:33
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Default GBP/USD 6th November 2008.

GBP/USD 6th November 2008.
1) Short-term Intraday analysis.
1.577 is a strong support level for the current trading activity with 1.59 as a resistance.
We are looking for some stabilization on the market as US elections passed now.
Intraday sentiment: Bullish


2) Weekly perspective.
1.53 is a psychological bottom for the trading. Any movements below this level could bring further rallies down to 1.5 levels.
1.61 – 1st resistance level.
1.64 – 2nd resistance level.

Intraday sentiment: Bullish
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