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Forex Forecast: 29 July 2011 GBPUSD


Pair GBPUSD usually move in the same direction as EURUSD. Since EURUSD could undergo for consolidation, GBPUSD might under consolidation progress as well. Short position might be expected. 

Supports: 1.6215, 1.6160, 1.6100, 1.6030, 1.5920
Resistances: 1.6380, 1.6410, 1.6450