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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 - Testing The Resistance at 1.5620

GBP/USD has moved above its resistance at 1.5490 (29/04/2015 high) and is now challenging the resistance at 1.5620 (31/12/2014 high and 200d MA). Hourly support lies can be located at 1.5552 (intraday low and 26/02/2015 old resistance).

In the longer-term, key resistance stands at 1.5552 (26/02/2015 high). However, the break of the strong support at 1.4814 opens the way for further medium-term weakness towards the strong support at 1.4231 (20/05/2010 low).

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