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FX.co ★ GBP/USD: technical analysis for September 12, 2013

GBP/USD: technical analysis for September 12, 2013

GBP/USD: technical analysis for September 12, 2013

GBP/USD:

Resistance: 1.5890 (sell below this level).

Support: 1.5775 (buy above this level for retesting this level for a short period).

Trading recommendations: (intraday)

According to the previous events, the price is still between the levels of 1.5800 and 1.5820.

  • The descending movement will probably be lower than the 1.5893 level with the first targets at 1.5813 and 1.5760.
  • Buy deals are recommended above the 1.5775 level with targets at 1.5820 and 1.5887.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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