Monday, September 29, 2014

GBP/USD Daily Outlook

With 1.6341 minor resistance intact, further fall is still expected in GBP/USD. Rebound from 1.6051 should be finished at 1.6523 already. Deeper fall should be seen to 1.6051 low first. Break will resume whole decline from 1.7190 and should send GBP/USD through 50% retracement of 1.4813 to 1.7190 at 1.6002



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