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GBP/USD Mid-Day Outlook - Forex Analysis, Currency Forecast, FX Trading Signal - Action Forex

GBP/USD Mid-Day Outlook GBP/USD's rise is still expected to continue with 1.4873 support intact. However, there is no change in the view that it's merely a correction in larger decline from 1.6875. Hence, strong resistance should be seen between 38.2% retracement of 1.6875 to 1.4230 at 1.5240 and channel resistance at 1.5306 and bring reversal. Below 1.4873 support will indicate that such... moreGBP/USD Mid-Day Outlook GBP/USD's rise is still expected to continue with 1.4873 support intact. However, there is no change in the view that it's merely a correction in larger decline from 1.6875. Hence, strong resistance should be seen between 38.2% retracement of 1.6875 to 1.4230 at 1.5240 and channel resistance at 1.5306 and bring reversal. Below 1.4873 support will indicate that such recovery from 1.4230 has possibly completed and will turn bias back to the downside for retesting this low.Forex, Forex Portal, Forex Trading. Forex Trading Recommendation, Forecast, Trading Signal, Forex Training Course, Education, Tutorial, FX Book, Forex ebooks, Learn to Trade Forex, FX Guide, Currency Rates, Forex Secret, Forex Brokers, Currency Trading System, FX Chart, Free Forex Demo, FX Directory, Forex Tutorial, Currency Report, FX Newsletter, Pivot Points, Forex Portal, RSS EUR/USD GBP/USD USD/CHF USD/JPY view page