Tuesday, December 2, 2014

GBP/USD Supported Above 1.57 Level

The GBP/USD cross is strongly supported by the 55, 100 and 200-period SMAs around the 1.57 level. For now it is still unclear whether it will be enough to push the pair above the down-trend's resistance line that is located around 1.5741. However, if the previously mentioned supports fail to



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