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Daily Forex Strategy
GBP/USD – Bounced towards key short-term resistance zone. The pair has staged the expected bounce towards the intermediate resistance of 1.3235 (minor descending trendline from 13 Dec 2019 high & 61.8% Fibonacci retracement of the prior slide from 31 Dec 2019 high to 03 Jan 2020 low of 1.3053) with the hourly RSI oscillator that is coming close to an extreme overbought level. (click here for a recap). Maintain bearish bias below 1.3300 short-term pivotal resistance for another round of potential slide to target the near-term supports of 1.3000 and 1.2920 in the first step. However, an hourly close above 1.3300 ... (full story)