Tuesday, October 1, 2013

Trade Idea: GBP/USD - Buy again at 1.6175

As the British pound has continued to surge in part due to dollar's broad-based weakness, adding credence to our view that recent upmove is still in progress and may extend further gain to 1.6275-80 and possibly 1.6300-10, however, near term overbought condition should prevent sharp move beyond 1.6340-50 and price



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