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Old 11-15-2007, 11:36 AM
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Re: Gbp/usd

Not sure of your time zone on that potential trade, but wouldn't that upside s&r flip at 2.05 need to be negotiated & tested first to check any supply lurking atop that level?

There's a recent well traded channel under here from October that looks like it's tempting price back inside. Could be a bit of a banana skin for pre-emptive longs around here.
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