Monday, June 30, 2014

GBP/USD Daily Outlook

GBP/USD's rally resumed by taking out 1.7062 and reaches as high as 1.7114 so far. Intraday bias is back on the upside for next key long term fibonacci level at 1.7332. We'd expect loss of momentum as it approaches this level and reverse from there. On the downside, below 1.7051



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