[MDunleavy]

–Please note that overall GBP/USD has been in a very volatile sideways mode since January 2009.
–A break below 1.5269 and then the low of January 13th i.e.
–1.5233 may indicate a break below the lower support line.
–Please check this weekly chart of GBP/USD.
–Strategies for Trading GBP/USD (British Pound-Dollar): s mentioned above, our overall outlook for GBP/USD stays bearish but initially we stay neutral to expect some volatile sideway moves and even the possibilities of some further upward consolidation can’t be ignored.
–We are avoiding longs for GBP/USD right now, considering the overall bearish outlook.
–As mentioned above, initially we will be watching for the breaks of mentioned resistance and supports for the next week's trade decisions.
– [By forexabode.]

P&F (Крестики нолики)

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