Friday, February 27, 2015

Trade Idea Update: GBP/USD - Sell at 1.5480

As the British pound has rebounded after intra-day brief fall to 1.5384, suggesting consolidation above this level would be seen, however, if our view that top has been formed at 1.5552 is correct, upside should be limited to the lower Kumo (now at 1.5477) and bring another decline, a break



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