Tuesday, November 4, 2014

GBP/USD To Respect Resistance At 1.6040

Since GBP/USD has already closed the bearish gap and the pair is fluctuating near the resistance at 1.6040, the Sterling is unlikely to add to the gains from 1.5950. The four-month down-trend coupled with the monthly PP are expected to act as a ceiling and send the price towards the



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