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Cable threatens 10DMA at 1.4790 after more shorts squeezed

Tuesday, April 14, 2015 1:51 PM UTC

GBP/USD eyes 10DMA after more shorts squeezed
Pair threatens 1.4790 after 1.4740 break spurs further short-covering
1.4740 was Apr 1 low. 1.4790 = 10DMA. 1.48 resistance beyond
Demand ahead of 1.48 based cable losses seven days ago (Apr 7)
1.47 was pullback low from initial post-US data high of 1.4735
1.4604 was London am low. 1.4567 was Monday's 5yr low

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Cable threatens 10DMA at 1.4790 after more shorts squeezed

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