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Initial bias is neutral this week first. In the long term picture, the lack of medium term downside momentum suggests that fall from 0. In case of another fall, downside should be contained by Sustained trading above 55 month EMA now at 0. Intraday bias stays on the upside at this point. Sustained break above 0. On the downside, below 0. But outlook will stay bullish as long as 0. Intraday bias is now on the upside for 0. Sustained break there will carry larger bullish implication and target next fibonacci level at 0.
Firm break there will resume rise from 0. In any case, further rally will remain in favor as long as 0. In the bigger picture, a medium term bottom could be in place at 0. Rise from there could either be a correction to the down trend from 0.
In either case, further rise should be seen to Sustained break there will target With 0. On the upside, break of 0. Initial bias remains neutral this week first. In the long term picture, current development argues that fall from 0. However, sustained trading above 55 month EMA now at 0. Initial bias stays neutral this week first. Further rally is in favor with 0. Empowering the individual traders was, is, and will always be our motto going forward. Contact us: contact actionforex. Tue, Jun 21, GMT.
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Live Forex Analysis, Currency Rates, Economic Calendar, USD Dollar, EUR Euro, JPY Yen, GBP Pound, CHF Swiss Franc, CAD Canadian Dollar, AUD Australian. GBPUSD Technical Analysis With Chart. Today's Forecast. Range trading continues in GBP/USD and intraday bias remains neutral. Outlook stays bearish as. EUR/GBP - Euro British Pound · General · Overview · Forward Rates · Historical Data · Currency Converter · Options · Chart · Streaming Chart · Interactive Chart.