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Fundamental Analysis
Daily Market Analysis from NewForex Broker
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[QUOTE="Volfovich, post: 87214, member: 33099"] [B]Forex News from New Forex: Technical analysis of GBP/USD[/B] On Wednesday during the Asian trading session the pound streamed back against the greenback after yesterday’s rally. The immediate support is at 1.5557 and resistance is at 1.5643. Trades have a mild bullish tone, however, according to the oscillator Stochastik, the pair is a bit overbought and it may happen that bears will dominate soon. In this case they will have to breach below 1.5510, which opens a wide path to the market to 1.5359. Otherwise, the market will have to go through 1.5643 and 1.5734, then we might observe a rally to 1.5879. [img]http://www.newforex.com/assets/images/news//29072015gpbusd.jpg[/img] [/QUOTE]
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