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GBPUSD Weekly Technical Analysis | December 6, 2014



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GBPUSD is staying in its important support area. Since last four weeks, this pair failed to break this support level at 1.5570-1.5590. Last Monday we 160 pips bullish movement, after that it got back bearish power again. So this pair can break its support area in the coming area. After breakout, target will be 1.5356 level where fibo 50% level lies. 1.5300-1.5300 is very strong support for this pair.


Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.5825

Resistance One (R1): 1.5699

Pivot Point: 1.5633

Support One (S1): 1.5507

Support Two (S2): 1.5441


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