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Wednesday 20 May 2009

Finally it's time to change my judges. I shouldn't marry with my opinion about GBPUSD which I was watching closely recently.

I was waiting for price to retrace, as the pair was moving high for too long and too fast to keep up with such a dynamics.

There is still possibility of move back, however this pair must have some nice potential to move even further up. Maybe not on a news, but in general. I think that because of total reduction on last news spike I was writing yesterday.

For today I see great breakout setup on GU and already bought some, however there is a chance for it to be broken downward. There i just more room above 1.55 than below 1.54

And here's the chart:

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