GBPUSD Daily Forecast Feb 10 2017

GBPUSD Continues To Consolidate...

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GBPUSD Continues To Consolidate…

Outlook in GBPUSD remains neutral, the pair is trapped within 1.2411/1.2727 range…

On the upside, above 1.2727 will restore the upside momentum and turn the focus on the 1.2945 levels, further upside, resistance stands at the 1.3086 levels.

On the downside, below 1.2411 will turn outlook bearish and pave the way to the 1.2250 levels, a halt is likely but a cut would open 1.2118, further downside, support comes at the 1.2000 levels.

Conclusion: The GBPUSD continues to face sideways move within 1.2411/1.2727 range before the next breakout…

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