Friday, August 29, 2014

GBP/USD Remain Beneath Weekly PP

GBP/USD carries on consolidating just below the weekly PP at 1.66 before the sell-off is resumed. However, the Sterling may rise up to the May low at 1.67 prior to a decline. Eventually, the rate is likely to descend down to 1.6250 (2014 low), where the bulls will have an



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