Sunday, December 28, 2014

GBP/USD Daily Outlook

Prior break of 1.5540 support confirmed decline resumption. Downside momentum isn't too convincing for the moment. But with 1.5785 resistance intact, near term outlook stays bearish. Current fall from 1.7190 should target 100% projection of 1.7190 to 1.6051 from 1.6523 at 1.5384. However, considering bullish convergence condition in daily MACD,



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