Friday, October 11, 2013

Trade Idea: GBP/USD - Sell at 1.6055

As the British pound has rebounded after falling to 1.5914, suggesting minor low is formed and retaining our view that consolidation above this level would be seen with mild upside bias for retracement to the Ichimoku cloud top (now at 1.6019), however, reckon 1.6050-55 would limit upside and bring another



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