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FxWirePro: GBP/USD maintains bullish bias with focus on 1.4400 levels

  • GBP/USD rose on Friday, as traders tried to assess whether the killing of a pro-EU British lawmaker may change the balance of opinions in Britain's upcoming referendum on European Union membership.
     
  • Short term buying for this pair is set to continue as death of UK lawmaker on Thursday has thrown next week's referendum on European Union membership into limbo.
     
  • To the upside, the strong resistance can be seen at 1.4400, a break above this level would expose the cable to next resistance level at 1.4458.
     
  • To the downside, immediate support can be seen at 1.4305 a break below at this level will open the door towards next level at 1.4236.

    Resistance Levels

    R1:  1.4374 (38.2% Retracement level)   

    R2: 1.4400 (Psychological levels)               

    R3: 1.4458 (23.6% Retracement level)

    Support Levels

    S1: 1.4305 (50% Retracement level)                        

    S2: 1.4236 (61.8% Retracement level)

    S3: 1.4194 (Daily lows)
  • Market Data
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