GBPUSD remains in downtrend from 1.3047, the bounce from 1.2769 could be treated as consolidation of the downtrend. Near term resistance is at the ascending trend line on the 4-hour chart now at around 1.2935. As long as the trend line resistance holds, the downtrend could be expected to resume, and further decline towards 1.2700 … Continue reading "GBPUSD Daily Analysis – June 5, 2017"
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