GBP/USD is still maintaining a positive outlook, supported by the strong support level as shown in the chart above, where a support line is drawn from 1.9400 on 13th Feb 2007, to 1.9431 on 19th Feb 2007, 1.9459 on 22nd Feb 2007, and finally 1.9514 today 28th February. Although the bullish outlook remains intact, yet the movement in GBP/USD the last couple of week is chaotic, with lack of strong trend direction.
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