Monday, June 23, 2014

Trade Idea: GBP/USD - Sell at 1.7105

As the British pound has rebounded after holding above the lower Kumo, suggesting near term upside risk remains for retest of last week's high of 1.7063, above there would extend recent upmove to 1.7090-95 (61.8% projection of 1.6738-1.7011 measuring from 1.6922), however, loss of upward momentum should prevent sharp move



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