Hello Naked Traders.
Weekly analysis report had spoken of the currency pair gbp/usd. The key support level at 1.6100 area was touched on Monday. Today formed an inside day because the price has strengthened slightly over the closing level at 1.6130 area. In this case the breakage of 1.6100 could bring the price to move downward again with aim 1.5980. If the price doesn’t break down but break to the upside above 1.6180 we could see a rally at least to 1.6250 area.
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