Monday, December 1, 2014

Trade Idea: GBP/USD - Sell at 1.5680

Cable's intra-day breach of previous support at 1.5590 confirms our view that correction ended at 1.5826 and recent decline has resumed for further weakness to 1.5550-60, however, near term oversold condition should prevent sharp fall below 1.5530-35, risk from there has increased for a rebound to take place later.



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