Monday, February 10, 2014

GBP/USD Daily Outlook

At this point, GBP/USD is still limited below 1.6444 resistance and outlook remains unchanged. Another fall is still expected in the pair. As noted before, 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%



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