GBP/USD Weekly Outlook

GBP/USD’s rebound from 1.2036 resumed last week and hit 1.2504. But subsequent retreat suggests that a temporary was formed. Initial bias remains neutral this week for more consolidations. Deeper retreat cannot be ruled out but downside should be contained by 55 4H EMA (now at 1.2345) to bring rebound. On the upside, break of 1.2504 […]

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