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Mar 22

TECHNICAL ANALYSIS BY NSFX 22.03.2015

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High:  Low: 

Cable tried to close last week above 1.4964  but selling pressure postponed the breakout of the static resistance. The rate seems that is developing an uptrend with but  below 1.4643 GbpUsd can slide to 1.4260, a level traded in 2010. Below this area the pair might test the psychological level 1.4. Many buy stop orders  are likely to be triggered if the rate will rise above 1.5410.

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