Wednesday, February 25, 2015

Trade Idea: GBP/USD - Buy at 1.5455

As the British pound has maintained a firm undertone after rising again from the Kijun-Sen, suggesting recent upmove from 1.4951 low is still in progress and further gain to 1.5560 (100% projection of 1.4951-1.5352 measuring from 1.5197) but near term overbought condition should limit upside to 1.5580 and reckon resistance



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