Wednesday, May 28, 2014

GBP/USD Mid-Day Outlook

GBP/USD's sharp fall today suggests that decline from 1.6995 is resuming. Intraday bias is on the downside for 1.6731 first. Break there will also revive the case that reversal and suggest that 1.6995 is a medium term top. In such case, deeper fall should be seen to 100% projection of



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