Wednesday, October 30, 2013

Trade Idea Wrap-up: GBP/USD - Hold short entered at 1.6115

Although cable has recovered after falling to 1.6022 yesterday and minor consolidation is in store, reckon upside would be limited to the Ichimoku cloud bottom (now at 1.6105) and bearishness remains for the decline from 1.6258 to resume after consolidation, below said support would extend weakness for retracement of recent



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