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Published On: Thu, Dec 11th, 2014

GBP/USD – Technical Analysis (11.12.2014)

We expect the prevaling GBP/USD downtrend to renew in the near future as reversal signals appeared around 1.5750. Immediate support is offered by 1.5693.

The GBP/USD correction is losing steam as reversal signs appeared around the 1.5730-1.5750 resistance area. Although a repeated attempt is not to be excluded, we expect the prevaling downtrend to renew in the near future. Immediate support is offered by 1.5693. A breach there will turn the outlook back to negative.

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