GBP/USD edged higher to 1.3422 last week but retreated ahead of 1.3433 resistance. A short term top could be formed on bearish divergence condition in 4H MACD. Deeper decline is in favor this week. Nevertheless, downside should be contained by 38.2% retracement of 1.2099 to 1.3422 at 1.2917. On the upside, firm break of 1.3433 […]
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