Monday, February 10, 2014

GBP/USD Daily Outlook

No change in GBP/USD's outlook. With 1.6444 resistance intact, another fall is still expected in the pair. The larger up trend from 1.4813 has formed a top at 1.6667 already, on bearish divergence condition in daily MACD. Below 1.6251 will target 38.2% retracement of 1.4813 to 1.6667 at 1.5959. Break



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