FX Weekly (03 Dec ’17)

GBP/USD continues to strengthenExtending gains to pressure 1.3500.

Cautious Upgrade to Positive as momentum studies and background readings continue to improve.

A close above the 1.3655~ high of September would confirm continuation of the 2016 rally.

A close below 1.3300 will turn investors cautious once again, and put pressure on price action as focus turns back to 1.3000.

 

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