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Forex: GBP/USD Has broken channel support – Commerzbank

Posted on 18 August 2010

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Forex: GBP/USD Has broken channel support – Commerzbank
FXstreet.com (Barcelona) – Pound's rejection from 1.5700 yesterday has triggered a 200 pips decline to 1.5500 session low, breaking below the uptrend channel support line, at 1.5610, at test support area at 1.5526/02, says Karen Jones, technical analyst at Commerzbank.

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