GBPUSD Analysis, June 25th 2010

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GBPUSD has reached the upper border of the rising price channel. Pullback would more likely be seen later today and target would be at the lower border of the channel. As long as the channel support (now at 1.4745) holds, the fall from 1.5010 is treated as consolidation of uptrend from 1.4346 and another rise to 1.5050-1.5100 area is still possible after consolidation. width=400

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