Thursday, January 1, 2015

GBP/USD Daily Outlook

No change in GBP/USD's outlook. With 1.5784 minor resistance intact, current fall from 1.7190 should extend and 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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