• GBP/USD probes $1.6280

Market news

30 May 2011

GBP/USD probes $1.6280

GBP/USD recovers, but resistance at $1.6280 still capps the bull's push. Tech resistance comes at $1.6487 (50% Fibo of $1.6515/1.6458 move). Above here and rate can extend recovery to $1.6500/05 ($1.6502 76.4% Fibo).

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