Tuesday, January 27, 2015

GBP/USD Mid-Day Outlook

The recovery from 1.4950 extends higher today but is held below 1.5268 resistance intact. Intraday bias remains neutral and near term outlook stays bearish for deeper decline ahead. Below 1.4950 will target next key support level at 1.4813. Though, considering bullish convergence condition in 4 hours MACD, break of 1.5268



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