GBP/USD Technical Analysis for June 8, 2011

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By ForexMansion.com

 

The GBP/USD found a bid on Tuesday as the USD fell against most other currencies. The truth is that the Pound isn't that great – it's just that the Dollar is that bad. Look for overhead resistance at the 1.65 area, and that the area will produce some kind of trade signal. Until we get there – we are simply watching.

Originally posted here

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