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Published On: Mon, Nov 24th, 2014

GBP/USD – Technical Analysis (24.11.2014)

Though more sideways is possible, we expect a break through the 1.5592 support to send the GBP/USD to 1.5394. Initial resistance is expected at 1.5735.

After breaking down to fresh lows last week, the GBP/USD has been trading in a range between 1.5735 and 1.5592. Although more sideaways trading cannot be excluded, we expect a break through the 1.5592 support to send the GBP/USD to 1.5394. Initial resistance is expected at 1.5735.

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