GBP/USD Weekly Outlook

After initial rebound, GBP/USD’s fall from 1.3867 resumed by breaking through 1.3252. Initial bias remains on the downside this week for 1.3008 structural support. Firm break there will carry larger bearish implication and target 1.2524 fibonacci level. For now, risk will stay on the downside as long as 1.3482 resistance holds, in case of recovery. […]

The post GBP/USD Weekly Outlook appeared first on ActionForex.

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