21.10.2008 12:15

GBP/USD breaks under $1.7100



The move is looking like a pressured one to take out a barrier at the figure (considering who was reportedly buying ahead). Expect profit take demand to emerge to stall follow through sales, but underlying tone said to remain heavy. Next bid/support level seen at $1.7070, with bid interest said to extend to $1.7050.






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