Wednesday, February 5, 2014

GBP/USD Daily Outlook

Despite dipping to 1.6251, GBP/USD recovered quickly. 4 hours MACD also stays above signal line. Intraday bias turns neutral again for some more consolidations. But as long as 1.6444 resistance holds, near term outlook stays mildly bearish and deeper fall is expected. Below 1.6251 will target 1.6216 support next. Break



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