By ForexMansion.com

 

The GBP/USD rose today, even after printing a beautifully bearish shooting star yesterday. However, we didn’t break above that shooting star, so we must consider the top of it as resistance. On pullbacks, this pair is a buy as there are plenty of support levels below, and the outlook for the USD is so weak. The general action of the pair suggests a pullback, and then a grind upward. Look for support below at the 1.65 and 1.63 areas.

Originally posted here

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