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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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