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Thursday, 13 December 2007

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GBP/USD 2.0434 - 13 December
GBP/USD Open 2.0453 High 2.0560 Low 2.0333 Close 2.0437

This morning the Sterling started to drop against the US Dollar from 2.0480, which is the first resistance for today. Next resistance is expected at 2.0560, followed by 2.0640. Support is expected at the yesterday's and the bottom at 2.0335, followed by 2.0275 and 2.0215, which is 61.8% correction of the big climb 1.9655 - 2.1155.
Technical resistance levels: 2.0480 2.0560 2.0640
Technical support levels: 2.0335 2.0275 2.0215

Trading range: 2.0445 - 2.0360
Trend: Downward
Sell at 2.0434 SL 2.0464 TP 2.0374