Friday, February 27, 2015

Trade Idea Update: GBP/USD - Sell at 1.5465

Cable's selloff after yesterday's brief rise to 1.5552 signals top has been formed there and consolidation with downside bias is seen for weakness to 1.5370, then towards 1.5333-37 (previous support and 38.2% Fibonacci retracement of 1.4989-1.5552), however, a firm break below there is needed to add credence to this view



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