Tuesday, July 29, 2014

Trade Idea Wrap-up: GBP/USD - Sell at 1.7000

As the British pound has fallen again after meeting renewed selling interest at 1.7001, adding credence to our view that the fall from 1.7192 top is still in progress for retracement of recent upmove to 1.6925-30, then towards 1.6900 but near term oversold condition should limit downside to 1.6870 and



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