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GBPUSD






1/5/2015 2:22:08 AM

GBPUSD - Technical Analysis: Monday, 05/01/2015 07:22 GMT



Strong bearish rebound from the descending channel’s resistance, and targeting this channel’s support around 1.4960.

Negative pressure from the exponential moving average 50 and the rise of the bears’ power indicator support more decline.


Target
Risk


Support
Resistance


Trend Bearish

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