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20 Feb 2013
Forex Flash: Cable tests 1.53 technical objective of double top - BBH
Brown Brothers Harriman analysts note that GBP/USD has tested the technical objective of the double top pattern.
They add, barriers struck at 1.53 have been triggered and it bounced back, though the 1.5335-50 area is now likely to offer resistance. On the downside, the next support is seen in the 1.5235-70 area, ahead of 1.52 itself.
They add, barriers struck at 1.53 have been triggered and it bounced back, though the 1.5335-50 area is now likely to offer resistance. On the downside, the next support is seen in the 1.5235-70 area, ahead of 1.52 itself.