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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/JPY - Monitor The Key Resistance at 181.07

GBP/JPY is rising towards its key resistance at 181.07 (see also the declining trendline). Hourly supports can be found at 179.32 (23/04/2015 low) and 178.47 (22/04/2015 low). Another resistance lies at 183.93 (10/03/2015 high).

In the long-term, the lower high made on February 2015 suggests a weakening uptrend. However, the successful test of the strong support at 175.51 (03/02/2015 low) signals persistent buying interest. Key resistances stand at 181.07 and 185.03 (26/02/2015 high). A major support area can be found between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low).

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