GBPUSD: Hesitates But Still Retains Broader Upside

Posted by on Dec 20, 2012

GBPUSD: Hesitates But Still Retains Broader Upside. GBPUSD - The pair may have run into bears and closed marginally higher on Wednesday but it continues to maintain its upside bias. As long as it holds above the 1.6172/77 level, its broader upside view remains valid. This will leave the pair targeting the 1.6308 level where a violation will call for a run at the 1.6350 level. Further out, the 1.6400 level comes in as the next upside target. Its daily RSI is bullish and pointing higher
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