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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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GBP/USD - Bullish Breakout of The Resistance at 1.5486

GBP/USD has broken the resistance at 1.5486, confirming a short-term positive technical structure. Hourly supports can now be found at 1.5402 (24/02/2015 low) and 1.5317. A key resistance stands at 1.5620.

In the longer term, the break of the key resistance at 1.5274 (06/01/2015 high) suggests renewed buying interest. Upside potentials are likely given by the resistances at 1.5620 (31/12/2014 high) and 1.5826 (27/11/2014 high). A strong support stands at 1.4814.

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