GBP/USD’s decline from 1.3433 resumed last week and fell to 1.2842 before recovering. Initial bias is neutral this week for consolidations first. But further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, firm break of 1.3042 will indicate short term bottoming, […]
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