Monday, June 16, 2014

gbp/usd daily ,finally downtrend

The GBPUSD had a bullish momentum last week topped at 1.6990. The bias is bullish in nearest term testing 1.7000 psychological/key level. A clear break and consistent movement
above that area could trigger further bullish pressure testing 1.7100 or higher. Immediate support is seen around 1.6940. A clear break below that area could lead price to neutral zone in nearest term testing 1.6900 or lower.

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