Thursday, April 16, 2015

GBP/USD Daily Outlook

Intraday bias in GBP/USD remains neutral for consolidations above 1.4565 temporary low. We'd expect upside of recovery to be limited by 1.4971 resistance and bring fall resumption. Below 1.4565 will extend the larger down trend. However, break of 1.4971 will suggest short term bottoming and would bring stronger rebound back towards 1.5551 resistance.



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