August 10, 2016

GBPUSD Chart Analysis

  • GBPUSD Month chart shows price violating Multi Year support line. Month close at the current levels or lower will confirm more bearishness for the pair.
  • Weekly chart shows a range between 1.28 and 1.32 levels. Week close above 1.32 will bring some relief for the bulls of GBPUSD. Weekly close below 1.28 levels will strengthen bears further.

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