Tuesday, September 2, 2014

Trade Idea Update: GBP/USD - Sell at 1.6565

Current breach of last week's low at 1.6537 confirms recent decline has resumed and further weakness to 1.6505-10 (1.236 times projection of 1.6845-1.6658 measuring from 1.6739) and possibly towards previous support at 1.6460 would be seen, however, near term oversold condition should prevent sharp fall below latter level and reckon



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