Thursday, June 19, 2014

Trade Idea Wrap-up: GBP/USD - Stand aside

Although the British pound has continued to move higher and broke above previous chart resistance at 1.7044, loss of upward momentum should prevent sharp rise beyond 1.7090-95 (61.8% projection of 1.6738-1.7011 measuring from 1.6922) and reckon 1.7110-20 would hold from here, risk from there is seen for a retreat to



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