GBP/SEK
The cross has cleared a short term resistance around 10.78 ahead of a slight consolidation yesterday. In this context, an extension of the recovery toward October top at 10.86 is expected. A break above this level would prolong this trend toward the next medium term resistance at 10.94 (retracement of 50% of the downtrend between May & August 2012). The initial support lies at 10.7350. Buy – Stoploss @ 10.7350 – Target @ 10.9350.
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Natixis