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EUR/GBP Targets Uptrend Continuation

EUR/GBP (a 4-hour chart of which is shown) as of Friday (10/22/2010) has reached up to a key bullish resistance target in the 0.8900 price region, establishing a 6-month high, after having followed a strong parallel uptrend channel since the early September lows. For more EUR/GBP forex technical analysis, please click here.

James Chen, CTA, CMT