GBP/USD’s recovery from 1.2154 extended higher last week but stayed below 1.2637 resistance. Initial bias remains neutral this week first. On the downside, break of 1.2154 will resume the down trend from 1.4248. However, considering bullish convergence condition in 4 hour MACD, break of 1.2637 will confirm short term bottoming at 1.2154. Intraday bias will […]
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