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Apr 19

TECHNICAL ANALYSIS BY NSFX 19.04.2015

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The pair could not close above its 55EMA and if it should win this dynamic resistance it will test the supply line generated last year that links lower highs. A breakout can lift the rate to its 200SMA, now at 1.557.  Below the 21SMA, at 1.48, GbpUsd can test its 2015 low at 1.4457. At 1.4200 the rate would test a level that was traded the last time on summer 2010.

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