GBP/USD Weekly Outlook

GBP/USD recovered after edging lower to 1.2036 last week. Initial bias remains neutral this week first. On the upside, firm break of 1.2270 resistance will confirm short term bottoming. Intraday bias will be back to the upside for stronger rebound. Nevertheless, rejection by 1.2270 will retain near term bearishness. Decisive break of 1.2075 fibonacci level […]

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