GBPUSD: Outlook Higher On Further Bull Threats

Posted by on Dec 6, 2012

GBPUSD: Outlook Higher On Further Bull Threats. GBPUSD - Our outlook on GBP remains the same with a recapture of the 1.6172 level looming. A breach of here will turn attention to the 1.6215 level. Above here will end its broader bearish threats and open up further offensive towards the 1.6350 level. Further out, resistance resides at the 1.6400 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.6055 level where a break will turn
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