Wednesday, February 26, 2014

Trade Idea: GBP/USD - Stand aside

Although the British pound has rebounded after slipping to 1.6622 yesterday and consolidation above this level would be seen, upside should be limited to 1.6700-05 and indicated pivotal resistance at 1.6727-34 should hold, bring another decline later, break of said support at 1.6622 would bring retest of this week's low



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