Saturday, April 18, 2015

GBP/USD Weekly Outlook

GBP/USD's strong rebound last week and the break of 1.4971 resistance indicates near term bottoming at 1.4565. Initial bias remains on the upside this week and stronger rebound could now be seen with focus on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. Meanwhile, below 1.4811 minor



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