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Forex Trading Technical Analysis (2010/09/29) GBP/USD Struggles to Target 1.6000

GBP/USD (a 4-hour chart of which is shown) as of Wednesday (9/29/2010) has stalled in its bid to target 1.6000, though it could be on the potential path to do so. The pair is currently entrenched within a parallel uptrend channel extending back to the September lows. For more GBP/USD forex technical analysis, please click here.

James Chen, CTA, CMT