GBP/USD’s strong rebound last week suggests short term bottoming at 1.3135, on bullish divergence condition in 4H MACD. Initial bias stays on the upside this week. Sustained break of 38.2% retracement of 1.3675 to 1.3135 at 1.3341 will raise the trend of bullish reversal and target 61.8% retracement at 1.3469 next. Nevertheless, below 1.3230 minor […]
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