The British pound finally penetrated resistance at 1.5753 and extended recent rise from 1.4814, adding credence to our view that decline from 1.6380 has ended at 1.4814 and further gain to psychological resistance at 1.6000, then 1.6040-45 (100% projection of 1.5104-1.5718 measuring from 1.5427) would be seen, however, near term
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