GBP/USD Mid-Day Outlook

[Forex-Outlook]

GBP/USD's sharp fall today suggests that recovery from 1.6077 has completed at 1.6267 already, below 1.6284 resistance as expected. Intraday bias is cautiously on the downside and break of 1.6077 will confirm fall resumption to 1.5829 support next. As discussed before, corrective rise from 1.5829 should have completed with three...

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