Friday, May 2, 2014

Trade Idea: GBP/USD - Buy at 1.6855

Cable's retreat after yesterday's rise to 1.6921 has retained our view that consolidation below said resistance would be seen and pullback to previous resistance at 1.6858 cannot be ruled out, however, reckon the Ichimoku cloud bottom (now at 1.6847) would limit downside and bring another rise later, break of said



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