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GBP/USD takes support around 1.46025, bullishness can be seen only above 1.4980

Wednesday, April 15, 2015 6:04 AM UTC

RES 4: 1.5000
RES 3: 1.4936 (61.8% retracement of 1.5165 and 1.4564)
RES 2: 1.4880
RES 1: 1.4825 (61.8% retracement of 1.4975 and 1.4565)

PRICE: 1.4745@ 06:02 GMT

SUP 1: 1.4716
SUP 2: 1.4644 (Cloud bottom)
SUP 3:1.4564 (Apr 13^th low)
SUP 4: 1.44431 (138.2% retracement of 1.46430 and 1.5165)

GBP/USD has recovered after making a low of 1.5640. It is facing resistance around 1.4825 and slight intraday trend reversal can happen only above that level.

It is good to sell around 1.4820 with stop around 1.4936 for the target of 1.4650.

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GBP/USD takes support around 1.46025, bullishness can be seen only above 1.4980

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