$GBPUSD-
Currently the cross is @1.6023 after a strong correction and bounce on the .500 fibo. The cross is exactly where it was yesterday at this time. A break of the 1.6036 and the target is the 1.6121 with a further target at the resistance @ 1.6216. A failure to break north today would target the triple bottom @ 1.5900. We are bullish above the .500 fibo.
$GBPUSD

Source http://www.fxstreet.com/technical/analysis-reports/technical-daily-analysis/2011-11-03.html



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