Friday, October 4, 2013

Trade Idea: GBP/USD - Stand aside

As the British pound has fallen again on active cross-selling in sterling against both yen and euro, suggesting a temporary top has been formed at 1.6260 earlier this week and near term downside risk remains for retracement of recent upmove to 1.6096-99 (previous resistance and 61.8% Fibonacci retracement of 1.5999-1.6260),



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