Monday, September 29, 2014

Trade Idea: GBP/USD - Sell at 1.6350

The British pound dropped again after meeting renewed selling interest around the lower Kumo, suggesting recent decline from 1.6525 is still in progress and further weakness to 1.6200 would be seen, break there would extend weakness to 1.6162 support, however, break there is needed to confirm early rebound from 1.6052



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