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FX.co ★ The market manipulations analysis of the GBP/USD by Alexey Portnov for February 16, 2011

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Forex Analysis

2011-02-16T10:03:00
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The market manipulations analysis of the GBP/USD by Alexey Portnov for February 16, 2011

As expected, the pound has not advanced above the 1.6165. At the moment the price is testing this level again for supply. The forecast is the same – a decline to 1.6090, but if the price fixates above the 1.616 level the forecast is cancelled.

Trading recommendations:
- Sell with a target at 1.6090

The market manipulations analysis of the GBP/USD by Alexey Portnov for February 16, 2011

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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