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Analysis 20/9

daily analysis Gbp/Usd 20/9
hourly analysis Gbp/Usd 20/9

It seems that market are still fighting to decide about the next trend. As we know, price is result from consolidation of markets. Yesterday, Gbp/Usd was bearish at European session but in the middle of US session, this pair had some strong support. Today, we will wait for an important fundamental news about speech from Mr. Ben Bernanke at early of US session. It seems that European trader will be wait for this news, so I think the selling action of this pair will hold until the news.

Yesterday, the bearish was not strong enough to break the bullish trend at my trend line. Please find the attachment for this analysis. We see a strong resistance in the daily chart from Bolinger Bands and the price line. So, today the range for Gbp/Usd is 1.9941 - 2.0134.

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