ZIFX.com: The Cable is in bearish correction

Note: This section contains information in English only.
Source: zifx.com
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According to experts from zifx.com, following an extensive rally of GBP/USD, the currency pair is presently undergoing a bearish correction. While the initial support and resistance levels are situated at 1.6037 and 1.6154, respectively, most of the indicators point to the downside, which supports the idea of a weaker British Pound relative to the US Dollar in the short-term, analysts added. 
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Tue, 24 Apr 2012 06:31:40 GMT

EUR/USD to focus on supports

Rally of EUR/USD did not persist and the pair has once again fell below 55 day ma. A cluster of downtrend resistances cap the price at 1.3305/20, while the initial support lies at 1.3174, followed by 1.3045 and 1.2974/54.

Mon, 23 Apr 2012 07:07:22 GMT

USD/CHF targets 0.9317/42

USD/CHF currency pair has weakened down to 0.9091, nonetheless, a key support at 0.9066 stays intact, which implies that the price should make another attempt to grow up to 0.9317/42, although it will have to overcome 0.9148/68 first.

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