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GBPUSD (FXB) Using Fibo Levels To Define Ranges. Looking For The Break Now

Traders used the 38.2% of the weeks trading range to sell above but have used the 38.2% of the post employment move to buy. A move above the 1.5377 retracement opens the door for further upside potential. Looking for the break of the support/resistance levels to define the next move for the pair.

http://www.forexlive.com/blog/2012/06/01/gbpusd-using-fibo-levels-to-define-ranges-looking-for-the-break-now/