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GBPUSD Update--Late Thursday, June 25, 2009

Updating the post from this morning, a 4 hour chart showing how, after the sharp sell-off this morning, the market recovered and came to rest right at the 2.058 Fibonacci extension. This has been for days an equilibrium level around which the market oscillates.

090625-1750-gbp4hr.gif

Posted by Pure Guesswork on June 25, 2009 6:01 PM |

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