Friday, May 30, 2014

Trade Idea Update: GBP/USD - Sell at 1.6785

Cable's intra-day rebound has retained our view that minor consolidation above yesterday's low of 1.6693 would be seen and corrective bounce to 1.6765 (38.2% Fibonacci retracement of 1.6882-1.6693) cannot be ruled out, however, reckon 1.6788-90 (50% Fibonacci retracement and current level of the upper Kumo) would limit upside and bring



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