GBPUSD dropped sharply to 1.3020 area after breaking below the bullish trend line on its 4-hour chart, indicating that correction for the uptrend from 1.2589 is underway. Deeper decline to test next support level at 1.2980 is possible, below this level will signal completion of the uptrend, then the following bearish movement could bring price … Continue reading "GBPUSD Daily Analysis – August 7, 2017"
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