Monday, September 1, 2014

Trade Idea: GBP/USD - Buy again at 1.6610

Although cable slipped on Friday to 1.6563, sterling found renewed buying interest there and staged another rebound, adding credence to our view that low has been formed at 1.6537 last week and consolidation with upside bias is seen for gain towards resistance at 1.6679, a break above there would provide



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