Tuesday, August 26, 2014

Trade Idea: GBP/USD - Buy at 1.6500

Although the British pound staged a rebound after yesterday's fall to 1.6537 and corrective rise to 1.6615-20 cannot be ruled out, upside should be limited to 1.6650-55 and resistance at 1.6679 should remain intact, bring another decline, break of said support at 1.6537 would extend decline to 1.6505-10 (1.236 times



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