Monday, December 29, 2014

GBP/USD Daily Outlook

With 1.5785 minor resistance intact, near term outlook in GBP/USD 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, break of 1.5785 will be an early sign of medium term bottoming and would



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