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13 Apr 2015
SEB: GBP/USD focus shifts to 1.4565 – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that the break below 1.4635 has exposed the March lows at 1.4565 for GBP/USD.
Key Quotes
“Following violation of the Mar low (1.4635) and the low weekly close last week, focus has shifted to a short-term 'Equality point' at 1.4565 and an alternative 127.2% Fibo extension ref which currently connects to a tentative Jan-Mar descending line of support, now at 1.4450.”
“Key resistance in this timeframe perspective is located in the 1.4740/80-area.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Following violation of the Mar low (1.4635) and the low weekly close last week, focus has shifted to a short-term 'Equality point' at 1.4565 and an alternative 127.2% Fibo extension ref which currently connects to a tentative Jan-Mar descending line of support, now at 1.4450.”
“Key resistance in this timeframe perspective is located in the 1.4740/80-area.”
This content has been provided under specific arrangement with eFXnews.