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Forex Analysis: GBP/USD Classic Technical Report 01.03.2013
Prices are edging lower from resistance at the 1.63 figure, with negative RSI divergence hinting a larger reversal lower is ahead. Initial resistance-turned-support is at 1.6177, with a break below that targeting 1.6099.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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