Friday, November 29, 2013

GBP/USD Weekly Outlook

GBP/USD rose strongly to as high as 1.6383 last week and breached 1.6380 resistance. But there was no follow through buying yet. Near term outlook stays bullish as long as 1.6257 support holds. Decisive break of 1.6380 will likely have long term trend line resistance taken out too. In that



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