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28.12.2015 01:13 AM
Daily analysis of GBP/USD for December 28, 2015

On the H1 chart, GBP/USD is trying to recover from the losses held during the Christmas week and the 200 SMA is offering buyers dynamic resistance. However, a rally towards the resistance level of 1.4999 can be expected. A breakout should happen in this area to test another high of 1.5064. The MACD indicator is entering the neutral territory.

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H1 chart's resistance levels: 1.4999 / 1.5064

H1 chart's support levels: 1.4918 / 1.4802

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is seen at 1.4918, take profit is at 1.4802, and stop loss is at 1.5035.

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