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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 - Breaking Support at 1.5330

GBP/USD has broken hourly support at 1.5330 (08/07/2015 low). Hourly resistance is given at 1.5930 (18/06/2015 high). We now target 505 Fibonacci retracement at 1.5248.

In the longer term, the technical structure looks like a recovery bottom whose maximum upside potential is given by the strong resistance at 1.6189 (Fibo 61% entrancement).

Daily Technical Report

 

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