Thursday, August 28, 2014

Trade Idea: GBP/USD - Buy at 1.6470

Although the British pound bounced to 1.6605 again earlier today, cable needs to penetrate this indicated level to suggest a temporary low has possibly been formed at 1.6537 earlier this week, bring retracement of recent decline to 1.6650-55 and later towards resistance at 1.6679 but break of latter level is



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