Sunday, February 1, 2015

GBP/USD Daily Outlook

Intraday bias in GBP/USD remains neural for more consolidation above 1.4950 temporary low. But near term outlook stays bearish with 1.5268 resistance intact and further decline is expected. 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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