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FX.co ★ GBP/USD Bullish Outlook May 19, 2011 (Daily Strategy)

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Forex Analysis

2011-05-19T12:46:19
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GBP/USD Bullish Outlook May 19, 2011 (Daily Strategy)

GBP/USD Bullish Outlook May 19, 2011 (Daily Strategy)

GBP/USD

The United Kingdom pound – United States dollar pair is showing signs of a change in trend, a daily close above the first monthly resistance around 1.6205 will be a clear signal to buy long up to resistance levels of 1.6650 at least. We remind you that the long term fundamental price target for the pair is at around price levels of 1.7500 United States dollars to the United Kingdom pound.

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