Tuesday, March 31, 2015

Trade Idea Wrap-up: GBP/USD - Exit short entered at 1.4840

As the British pound has rebounded after holding above yesterday's low at 1.4753 in part due to cross-buying in sterling, suggesting near term upside risk is for a stronger rebound to 1.4875-80 and possibly towards 1.4900, however, still reckon resistance at 1.4922 would limit upside and price should falter well



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