GBP/USD’s correction from 1.4240 extended to as low as 1.3777 last week. Initial bias stays on the downside this week for 38.2% retracement of 1.2675 to 1.4240 at 1.3642. On the upside, break of 1.4016 minor resistance will argue that the correction has completed, and bring retest of 1.4240 high. In the bigger picture, rise
The post GBP/USD Weekly Outlook appeared first on Action Forex.
GBP/USD’s correction from 1.4240 extended to as low as 1.3777 last week. Initial bias stays on the downside this week for 38.2% retracement of 1.2675 to 1.4240 at 1.3642. On the upside, break of 1.4016 minor resistance will argue that the correction has completed, and bring retest of 1.4240 high. In the bigger picture, rise […]
The post GBP/USD Weekly Outlook appeared first on Action Forex.