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 Technical Analysis for GBP

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fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: Technical Analysis for GBP   Mon Mar 17, 2014 9:30 am



Technical Analysis for GBP

The GBPUSD didn’t make significant movement last week. There are no changes in my technical outlook. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 1.6700 – 1.6600. We need a clear break and consistent movement above or below that range area to see clearer direction. I still prefer a bullish scenario with nearest target remains around 1.6850, but a clear break and consistent movement below 1.6600 could trigger further bearish pressure testing 1.6550 – 1.6500.
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