Friday, October 11, 2013

GBP/USD Daily Outlook

As noted before, a short term top is formed at 1.6259 on bearish divergence condition in 4 hours MACD. As long as 1.6123 minor resistance holds, deeper decline should be seen to 1.5716 support. Break there will confirm that whole rebound from 1.4813 has completed. On the upside, break of



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