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June 11, 2018

GBP/USD and AUD/USD Monthly Outlook

GBP/USD declined heavily in April and May 2018 after forming a double top pattern around 1.4350. It remains in a downtrend as long as it is below 1.3600. AUD/USD recovered slightly this past month and it recently tested a major resistance at 0.7660. Important Takeaways for GBP/USD and AUD/USD ...