GBP/USD edged lower to 1.1404 last week but recovered after drawing support from 1.1409 low. Initial bias is mildly on the upside for further rebound to 55 day EMA (now at 1.1942). On the downside, decisive break of 1.1409 will resume larger down trend. In the bigger picture, based on current momentum, fall from 1.4248 […]
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