Friday, May 30, 2014

GBP/USD Mid-Day Outlook

GBP/USD continues to lose downside momentum. But with 1.6782 minor resistance intact, deeper decline is expected to 100% projection of 1.6995 to 1.6731 from 1.6921 at 1.6657. Current development revived the case that whole up trend from 1.4813 has completed at 1.6995, ahead of 1.7043 key resistance. On the upside,



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