Friday, January 2, 2015

GBP/USD Mid-Day Outlook

GBP/USD's decline accelerates again today and reaches as low as 1.5411 so far. Intraday bias remains on the downside. Current fall from 1.7190 should target 100% projection of 1.7190 to 1.6051 from 1.6523 at 1.5384 first. Sustained break will pave the way to 1.4813 key support level. Nonetheless, bullish convergence



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