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13 Apr 2015

SEB: GBP/USD focus shifts to 1.4565 – eFXnews

FXStreet (Barcelona) - The eFXnews Team notes SEB views that the break below 1.4635 has exposed the March lows at 1.4565 for GBP/USD.

Key Quotes

“Following violation of the Mar low (1.4635) and the low weekly close last week, focus has shifted to a short-term 'Equality point' at 1.4565 and an alternative 127.2% Fibo extension ref which currently connects to a tentative Jan-Mar descending line of support, now at 1.4450.”

“Key resistance in this timeframe perspective is located in the 1.4740/80-area.”

This content has been provided under specific arrangement with eFXnews.
Apr 13, 2015

GBP/USD steadies above 1.46

The GBP/USD pair trades at 1.4606 ahead of the US session, as the sell-off in the EUR/USD pair helps cable restrict losses around 1.46 levels.
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Apr 13, 2015

ECB Meeting: Draghi to reassure that an early QE tapering is unlikely – BAML

According to BofA-Merrill Lynch, in the next ECB meeting, Draghi will reassure markets that an early QE tapering and further cut in depo rate are unlikely, and also announce changes to the list of SSAs eligible for purchase program.
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