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sell gbpusd 1.6550 to 1.6460

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UR/USD's Latest Analysis (December 10, 2013): Some consolidation towards 1.3720 or more is expected. The support near 1.3715 may prove to be critical. A failure of the support may bring further consolidation towards 1.3640. On the upside the resistance is expected in the range of 1.3770 to 1.3785. We do not expect any break of this resistance today but even if that resistance fails we expect a fall from before the pair reaches 1.3820.

Current Exchange Rate: 1.3748 at the time of analysis update.

Outlook: Short-term (immediate / next): Down / Volatile sideways. Mid-Term (First / next): Up / Volatile sideways.