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Asian Markets rose to a two-week high
Thursday, 22 November 2012 06:32 GMT+2
News & Events
 
Asian markets rose after survey showed China manufacturing activity expanded for the first time in more than a year. The expectations of a Greek deal helped the Euro rebound to a two-weak high against the dollar of 1.2868 after being initially sold off after international lenders to Greece failed to reach a deal to release the aid on Wednesday.
 
Technical Analysis
Currency Pair EUR/USD GBP/USD EUR/GBP USD/JPY EUR/JPY EUR/CHF DOW
Resistance 2 1.2825 1.6030 0.8100 83.25 106.90 1.2175 13100
Resistance 1 1.2790 1.5995 0.8065 83.00 106.00 1.2110 12950
Market   1.2750 1.5960 0.8045 82.40 105.75 1.2045 12820
Support 1 1.2720 1.5900 0.7965 82.05 105.05 1.2035 12600
Support 2 1.2665 1.5855 0.7905 81.70 104.70 1.2005 12400
 
 
Trade Idea
 
GBPUSD
 
A break and close above 1.5960 targets 1.6005 level, alternative a 4H close below 1.5915 targets 1.5835.
22112012-gbpusd.gif
 
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