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GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight

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USD/BRL hovers near 10-DMA support by 2.85

Thursday, February 26, 2015 1:27 PM UTC

Source: Thomson Reuters

USD/BRL lower with broad risk market, hovers near 10-DMA support by 2.85
Truckers strike ends, unemployment rising, PBR downgrade not seen affecting Brazil rating, UST yields fall
USD/BRL hovers near 10-DMA, 2.82 minor Fib support, 2.7985 21-DMA
Resistance at 2.8760 down TrendLine off 2.9037, 2.9037 '15 high, 2.9451 upper 21-d Bolli
Rising prices, weak BRL increasing import costs taking toll on employment/growth

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USD/BRL hovers near 10-DMA support by 2.85

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