Tuesday, September 30, 2014

Trade Idea: GBP/USD - Sell at 1.6350

Although yesterday's breach of previous support at 1.6240 suggests early rebound from 1.6052 has ended at 1.6525 and bearishness remains for weakness to 1.6200, a break of another previous support at 1.6162 is needed to add credence to this view and extend subsequent fall to 1.6125-30 and possibly towards 1.6100



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