Welcome to the FXReturn.com London Forex Market Call for Friday September 3rd.,2010. GBP/USD: Closes near the lows of an inside trading day as the market spent much time during the session below the 50 day average. A break below 1.5326 will spark a sell off down to 1.5238. Conversely, A piercing of the 1.5490 will ignite a rally into the 1.5616. Stochastics are entering oversold territory | GOLD: Closes near the highs of the session but couldn't quite pierce the 1254.5 area. Once the market trades through 1254.5, a rally into 1264.8 could ensue. 1237.3 is near term support | Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com as well as review our latest TON: Trade On News Plans for the upcoming week. Please click the following link to view our daily research: LondonMarketCallCreated with Camtasia Studio 5
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