For the price to break upwards I suggest that there are 2 barriers to pass:
- The 1.30 barrier cap set by MQG followed by
- 1.38-1.40 where it has hit and been turned back a few times in the recent period
If it breaks out then might cap out around the 2.06-2.28 range, although extension of that length seems unlikely in the near term.
Ann: Half Yearly Report and Accounts, page-46
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