 GBPUSD rose further to 1.2445 last week but formed a short term top there and reversed. Initial bias is mildly on the downside this week for 55 day EMA now at 1.1853. Firm break there will target 38.2 retracement of 1.0351 to 1.2445 at 1.1645. For now, risk will stay on the downside as long ... The post GBPUSD Weekly Outlook appeared first on Action Forex... 