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GBP/USD – Bearish outlook – for April 30, 2013 (daily strategy)
The pound sterling is bullish in the short term. It is likely that during the American session today it pulls back towards the roof area of the bullish channel, around 1.5520/1.5550. But in the medium term we have a bearish outlook for the pair. For the reason the MCD moving average and the Momentum Indicator are showing strong bearish, target the 1.50 area. So we recommend selling on resistance levels with the nearest target in the fractal of 1.5280.
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