Monday, May 26, 2014

Trade Idea Wrap-up: GBP/USD - Buy at 1.6805

Although the British pound has rebounded after finding support at 1.6813 on Friday, last week's retreat from 1.6921 suggests near term downside risk is seen for this fall from 1.6921 to bring retracement of the rise from 1.6732 but reckon support at 1.6802 would limit downside and bring another rebound



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