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Mar 08

TECHNICAL ANALYSIS BY NSFX 08.03.2015

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In 7 trading session the rate lost 500 pips and it might reach again its 2015 low at 1.4950. Below this level GbpUsd can slide to 1.45.  A breakout above 1.55 can create positive market sentiment in a long term bearish scenario, considering that the 200SMA at 1.5940 is more than 900 pips from current market price.

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