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Daily technical outlook for GBP/USD: Societe Generale

Wednesday, February 25, 2015 10:12 AM UTC

Quotes from Societe Generale Cross Asset Research:

-GBP/USD tested a multiyear upward channel limit at 1.49. Monthly indicator is testing a similar support highlighting 1.49 as an important level.

-Shortterm, the pair has given a break above a multi month descending channel. With daily RSI inching above a resistance, the rebound appears to continue towards 1.5620 and probably even 1.58.

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Daily technical outlook for GBP/USD: Societe Generale

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