Monday, March 31, 2014

GBP/USD Daily Outlook

The correction from 1.6822 could have finished at 1.6465 after hitting medium term channel support. Focus remains on 1.6654 minor resistance. Decisive break there will confirm this bullish case and target 1.6785/6822 resistance zone. Break of 1.6465 will extend the correction from 1.6822 but we'd expect strong support above 1.6251 to complete such correction and bring rebound.



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