Monday, May 26, 2014

Trade Idea Update: GBP/USD - Buy at 1.6805

Although the British pound retreated after rising to 1.6921 last week and near term downside risk is seen for this fall to bring retracement of the rise from 1.6732, reckon support at 1.6802 would limit downside and bring another rebound later, above the Ichimoku cloud (now at 1.7874-78) would signal



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