GBPUSD broke below the support of the ascending trend line on 4-hours chart, indicating that the downtrend from 1.2615 has resumed. Further decline could be expected in a couple of days, and next target would be at 1.2200 area. Near term resistance is at 1.2500, only break above this level could trigger another rise to … Continue reading "GBPUSD Daily Analysis – April 5, 2017"
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