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Forex Flash: GBP/USD bearish, targeting 1.5583 - UBS

By FXstreet.com,  September 20, 2011, 05:43:00 AM EDT

FXstreet.com (Barcelona) - Pound failure at 1.5885 resistance area last week triggered further depreciation, with the pair falling through 1.5676, which, according to Chris Walker, analyst at UBS has increased bearish pressure towards 1.5583, with immediate resistance at 1.5841.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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