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Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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GBP/JPY - Making Mew Multi-Year Highs

GBP/JPY has broken the key resistance at 175.37 (03/07/2014 low), confirming the underlying bullish trend. Hourly supports now lie at 175.31 (intraday low) and 174.67 (12/09/2014 high).

In the long-term, the break of the major resistance at 163.09 (07/08/2009 high) calls for further strength towards the resistance at 179.17 (15/08/2002 low). Another resistance stands at 183.98 (50% retracement of the 2007-2009 decline). A decisive break of the strong support at 169.51 (11/04/2014 low) is needed to invalidate this scenario.

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