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You are here: Home / Forex News / GBP/USD – Declining Channel Intact as Correction Rally Fails at 1.56

GBP/USD – Declining Channel Intact as Correction Rally Fails at 1.56

November 28, 2011 by Forex.ch Leave a Comment

The GBP/USD started the week with a corrective rally. The rally has so far shown a loss of bearish momentum in the very short-term as the 1H RSI broke above 60. Failing to break above 70 however the RSI reading reflects a weak bullish attempt so far

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GBP/USD – Declining Channel Intact as Correction Rally Fails at 1.56
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