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GBPUSD minor support at 1.4210/05

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Daily Forecast - 04 April 2016 GBPUSD Spot GBPUSD minor support at 1.4210/05 but trend line support at 1.4145/40 is a buying opportunity with stops below 1.4105. A break lower is a sell signal & sees 1.4140 act as resistance to target 1.4100 then 4 week low at 1.4055/50. Holding first support at 1.4210/05 targets 1.4255/60 then first resistance at 1.4275/80. A break above 1.4300 however signals further gains to 1.4325/30, perhaps as far as resistance at 1.4350/60. USDJPY Spot USDJPY

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