GBP/USD dropped to as low as 1.3134 last week as fall form 1.3539 extends. Further decline is in favor this week as long as 1.3324 minor resistance holds. Sustained break of 55 day EMA (now at 1.3177) should confirm another rejection by 1.3514 key resistance. Deeper decline would be seen back to 1.2675 support next.
The post GBP/USD Weekly Outlook appeared first on Action Forex.
GBP/USD dropped to as low as 1.3134 last week as fall form 1.3539 extends. Further decline is in favor this week as long as 1.3324 minor resistance holds. Sustained break of 55 day EMA (now at 1.3177) should confirm another rejection by 1.3514 key resistance. Deeper decline would be seen back to 1.2675 support next. […]
The post GBP/USD Weekly Outlook appeared first on Action Forex.