Thursday, June 26, 2014

GBP/USD Set To Decline To 1.68

In the wake of GBP/USD challenging the 2009 high, the Sterling is currently ceding ground. An immediate support level is at 1.6939/17, consisting of the weekly S1, 20-day SMA and monthly R1. But the sell-off is likely to persist until the rate hits 1.68. The demand there has a higher



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