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GBP/USD Potential Recovery From Downside Correction
GBP/USD (a daily chart of which is shown) as of Wednesday (11/10/2010) has bumped up against resistance imposed by a downtrend resistance line extending from the major highs just under 1.6300 reached in early November. This occurs during a downside correction that has come down from those highs, within the context of a persistent overall uptrend ...