GBP weakness

Intermediate

Pound stays down (GBPUSD)
Aussie reaches major downside target (AUDUSD)

Editor

Winner of the Technical Analysis Book of the Year 2014, Mapping Your Voyage of Discovery, Shaun Downey is a veteran of the markets and a globally recognized name in the world of Technical Analysis....continued

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Pound stays bullish versus US Dollar (GBPUSD forecast)

The Pound versus the US Dollar Forex rate, GBPUSD has rebounded twice already this week, thereby sustaining a positive tone.This has been mostly driven by the still very weak US Dollar, with US equity indices extending the July “risk on” theme into August.However, with US yields moving to record lows, the US Dollar remains vulnerable, even from this weak position.This leaves the skewed threat for… Continued

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Dollar and Euro reverse sharply (DXY, EURUSD)Pound has bull trap above (GBPUSD)Aussie a bear trap below (AUDUSD)Euro-Pound breaks down (EURGBP) Continued

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