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Dec 17

TECHNICAL ANALYSIS BY NSFX 17.12.2013

By:

High:  Low: 

The cross rate after yesterday close on its low level today is testing the 21SMA resistance. If a breakout of this dynamic barrier should happen then the pair can test the 2013 high at 1.6465 and then a price spike reached in 2011 at 1.66. If the GbpUsd  should start a retracement  1.618 could be a valid price test. The 200SMA at 1.5762 still  the most important support.

R3
R2
R1
S1
S2
S3