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100-WMA Support Key *RES 4:.....>

*RES 4: Gbp0.8815 55-DMA 
*RES 3: Gbp0.8807 Low Mar 16 
*RES 2: Gbp0.8797 High Mar 27 
*RES 1: Gbp0.8764 Alternating hourly support/resistance
*PRICE: Gbp0.8724 @ 0420GMT
*SUP 1: Gbp0.8707 Hourly resistance Mar 22 now support 
*SUP 2: Gbp0.8667 2018 Low Mar 22 
*SUP 3: Gbp0.8663 100-WMA 
*SUP 4: Gbp0.8599 Low May 24 2017
*COMMENTARY: The recovery from 2018 lows and bounce from ahead of the 100-WMA
has remained capped ahead of key DMAs with pressure having returned to key
support layers. Bears need a close below the 100-WMA to target Gbp0.8495-0.8535.
A close below the 100-WMA was last seen in Jan 2016. While the 100-WMA supports
bulls target 2018 highs but now need a close above the 100-DMA to add support to
their case and shift initial focus to Gbp0.8874-0.8904.

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