Tuesday, June 24, 2014

Trade Idea: GBP/USD - Sell at 1.7105

Cable's near term sideways trading is likely to continue and still reckon 1.6985-90 would limit downside, bring another rise, above resistance at 1.7063 (last week's high)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 beyond 1.7105-10 and



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