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GBP FX Futures Analysis on September 1, 2010


After closing at a five-week low, the September pound futures start higher in the US and below the 200-day moving average. The short-term outlook is slightly bullish. The medium-term outlook is sideways.

Immediate resistance is 1.5386 from the 200-day moving average. The next cap is 1.5465. The 21-day moving average resists at 1.5515. Initial support is at 1.5328 from the 100-day moving average. Further support is at 1.5281 from the Ichimoku cloud. Distant support is at 1.5160.

 


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