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Forex Trading Technical Analysis (2010/08/25) GBP/USD Bearishness Hesitates Above Support

GBP/USD (a daily chart of which is shown) as of Wednesday (8/25/2010) has hesitated after approaching key 1.5350 region support on the heels of almost three weeks of bearish price action that broke down below a key uptrend support line and just established a new one-month low for the pair. For more GBP/USD forex technical analysis, please click here.

James Chen, CTA, CMT