Monday, September 1, 2014

GBP/USD Daily Outlook

GBP/USD is still staying in the consolidation pattern from 1.6534 and intraday bias remains neutral. In case of another recovery, upside should be limited by 1.6737 resistance and bring fall resumption. Below 1.6534 will extend the fall from 1.7190 to 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).



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