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GBPUSD Technical Analysis (16-20 February,2015) | February 14, 2015



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Gbpusd is facing trend line resistance. 1.5420 is near-termed resistance for this pair. If we can find any rejection candle on that level, then we sell on this pair. If this resistance break then we can see this pair on 1.5500 level. 1.5500 area is very strong resistance level for this pair. It will be good sell zone also. We can take sell from that resistance area and target will be 1.5320 level.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5562

Resistance One (R1): 1.5477

Pivot Point: 1.5337

Support One (S1): 1.5252

Support Two (S2): 1.5112


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