Wednesday, July 30, 2014

The Daily Forecaster: GBPUSD

Losses did move down to the 1.6923-30 projection zone but the very shallow correction option developed and quickly losses extended into the 1.6880-95 support. There is no hourly bullish divergence but a 4-hour divergence appears to be developing. This should ideally see the 1.6927-32 area cap for losses to extend



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