Despite edging higher to 1.2292 last week, subsequent fall in GBP/USD suggests that rebound from 1.1759 has completed, after hitting 55 day EMA. Initial bias is mildly on the downside for retesting 1.1759 low. On the upside, break of 1.2292 will resume the rebound towards 1.2405 resistance instead. In the bigger picture, fall from 1.4248 […]
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