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Feb 01

TECHNICAL ANALYSIS BY NSFX 01.02.2015

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Cable made a bullish spike last Friday near the static support 1.4946. If the rate will rise above its 21SMA is very likely a test of the supply line generated last July that links lower highs. A breakout of this dynamic resistance can lift the rate to 1.595. Below the 2015 low 1.4946 GbpUsd might test 1.4815 and then 1.424, a level traded in 2010.

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