Saturday, May 3, 2014

GBP/USD Weekly Outlook

GBP/USD's rally resumed last week and reached as high as 1.6918 before forming a temporary top there and retreated. Initial bias is neutral this week for some consolidations first. As long as 1.6762 support holds, further rise is still in favor and above 1.6918 will target 1.7043 resistance and above.



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