Sunday, May 18, 2014

GBP/USD Daily Outlook

Intraday bias in GBP/USD remains neutral for the moment. Prior break of 1.6819 support is taken as a sign of trend reversal on bearish divergence condition in daily MACD, ahead of 1.7043 key resistance. We'd expect upside of consolidation to be limited by 1.6902 resistance and bring fall resumption. Below



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