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Technical Analysis
GBP/USD Daily Technical Analysis
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[QUOTE="michael smith, post: 60866, member: 30279"] [B][CENTER][SIZE="5"]Sorry. the date in the head of previous post is incorrect - It's must be 01.04.14[/SIZE][/CENTER][/B] [CENTER][B]02.04.14[/B] [IMG]http://mediaserver.fxstreet.com/Reports/86cd0b54-c06a-4d14-9fff-626d3da6528e/gbpusdh1_20140402075109.png[/IMG][/CENTER] [B][CENTER]Main scenario of currency pair movement[/CENTER][/B] The pair is being traded in the ascending trend, however the pair has broken through the ascending cloud and continues its movement along this cloud. As for today the further descending movement from the 1,6643 resistance level is being forecast. One should sell the pair below the 1,6643 resistance level,set take profit at the 1,6609, 1,6587 support levels. [B][CENTER]Alternative scenario of currency pair movement[/CENTER][/B] In case if the pair manages to breakthrough and get fixed above the 1,6643 resistance level, then the ascending movement till the following resistance levels 1,6662,1,6682 is possible. [CENTER][B]LEVELS[/B][/CENTER] Resistance: 1,6643; 1,6662; 1,6682. Support: 1,6609; 1,6587. [/QUOTE]
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