GBP/USD intraday technical levels and trading recommendations for August 27, 2014

2014-08-27 12:33:32 – Best Cash Back Forex Rebates : GBP/USD intraday technical levels and trading recommendations for August 27, 2014
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One month ago, the bears initiated a bearish trend off price levels around 1.7150-1.7190. Since then, the GBP/USD pair has been declining within the depicted bearish channel.

The price levels of 1.7050 – 1.7000 failed to provide enough support for the pair. Hence, the bears had a potential bearish target around 1.6920.

However, this price zone of

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