GBPUSD Closes Under Key 1.5600 level…again

Posted by on Jun 23, 2012

Chart in Focus: Daily GBPUSD The GBPUSD closed below the key 1.5600 level today and we could see more downward movement next week if price stays contained under this level. Note the market has made two consecutive closes under this level to end this week. A decisive move and close back above this level would be a bullish event.
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