Thursday, October 10, 2013

Trade Idea: GBP/USD - Sell at 1.6050

Yesterday's selloff and the breach of previous support at 1.5999 as well as 1.5955 add credence to our bearish view that decline from 1.6260 top is still in progress and downside bias remains for decline from there to bring correction of early upmove to 1.5900, however, near term oversold condition



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