Friday, October 4, 2013

GBP/USD Mid-Day Outlook

GBP/USD drops sharply today and reaches as low as 1.6032 so far. The bearish divergence condition in 4 hours MACD, which now turned negative too, raised the chance of near term reversal. Intraday bias remains neutral first. Break of 1.5955 support will confirm short term topping. In such case, deeper



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