GBP/USD Weekly Outlook

GBP/USD’s rebound from 1.2099 resumed last week but failed to sustain above 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Immediate focus stays on 1.2609 this week. Firm break there will raise the chance of near term reversal, and target 61.8% retracement at 1.2923. Nevertheless, on the downside, break of 1.2331 support will suggest that […]

The post GBP/USD Weekly Outlook appeared first on Action Forex.

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