Monday, January 27, 2014

Trade Idea: GBP/USD - Stand aside

Despite Friday's initial brief rise to 1.6669, the subsequent reversal from there suggests a temporary top is possibly formed there and consolidation below this level would take place, having said that, as cable has rebounded after finding support at 1.6474, reckon initial recovery to the lower Kumo (now at 1.6547)



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