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20 May 2015

GBP/USD might test 1.5447 whilst below 1.5542 – CharmerCharts

FXStreet (Barcelona) - Carol Harmer of CharmerCharts, shares the technical outlook and key levels for GBP/USD.

Key Quotes

“if we can get past the 1.5555 resistance which also clears the 15542 pivot point...If we ca manage that there is scope to trade higher back to 1.5620/1.5655/65.”

“If we cannot break the 1.5542/15555 resistance then sellers are expected back in the market and they will be looking to drive us lower to 1.5447 once more.”

“Cover any shorts to here....look to re-sell a break below 1.5440 for 1.5415 initially then 1.5362/50 would not be out of the question.”
May 20, 2015

Japan Coincident Index down to 109.2 in March from previous 109.5

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May 20, 2015

Japan Q1 GDP growth tops estimates – TradeTheNews

The TradeTheNews Team reviews the Japanese Q1 GDP data release, noting that the 2.4% rebound was as a result in residential and corporate investment.
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