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10 Apr 2015
GBP/USD bearish target at 1.4500 – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team remains short on GBP/USD, anticipating a move lower towards 1.4500 levels.
Key Quotes
“The GBP bears are in control. The GBP/USD broke below the stop-loss level of our long position and reached its new five-year low. The nearest support levels are 1.4635 (57-month low on March 18) and 1.4505 (low on June 11, 2010).”
“We are looking to sell GBP/USD at 1.4795, just below 10-dma. The target will be 1.4500.”
“Resistance: 1.4740 (low Apr 1), 1.4815 (10-dma), 1.4885 (high Apr 9)”
“Support: 1.4623 (hourly low Apr 10), 1.4505 (low Jun 11, 2010), 1.4346 (low Jun 8, 2010)”
Key Quotes
“The GBP bears are in control. The GBP/USD broke below the stop-loss level of our long position and reached its new five-year low. The nearest support levels are 1.4635 (57-month low on March 18) and 1.4505 (low on June 11, 2010).”
“We are looking to sell GBP/USD at 1.4795, just below 10-dma. The target will be 1.4500.”
“Resistance: 1.4740 (low Apr 1), 1.4815 (10-dma), 1.4885 (high Apr 9)”
“Support: 1.4623 (hourly low Apr 10), 1.4505 (low Jun 11, 2010), 1.4346 (low Jun 8, 2010)”