Friday, October 4, 2013

Trade Idea Update: GBP/USD - Sell at 1.6120

Cable's intra-day selloff after breaking support at 1.6128 and 1.6096 confirms top has been formed at 1.6260 earlier this view and downside bias is seen for the decline from there to bring correction of recent upmove to 1.6030 support, break there would extend weakness to another previous support at 1.5999,



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