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Old 09-04-2013, 06:54
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fxinvestindo fxinvestindo is offline
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Default Re: sharing technical analysis

Technical Analysis GBP / USD 9 April 2013

With H4 MACD below signal line, bias daily GBP / USD unchanged neutral (sideway). Rebound from 1.4830 is viewed as a correction only. We expect strong resistance of 1.5422 (38.2% retracement of 1.6380 to 1.4830) to limit upside and bring reversal. Break 1.5198 (minor support) will turn bias back to the downside. Break will bring retest 1.5032 1.4830. However, break 1.5422 would open up the prospect of a strong rally to 61.8% retracement at 1.5788.

Technical Analysis EUR / USD 9 April 2013

EUR / USD 's rebound from 1.2746 extends further to 1.3067 so far. Daily bias remains on the upside for 1.3114 (38.2% retracement of 1.3710 to 1.2746). Break there will target 61.8% retracement at 1.3342 and possibly above. Instead, break 1.2900 will turn focus back to 1.2661 key support level.
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