Thursday, October 2, 2014

Trade Idea: GBP/USD - Sell at 1.6285

As the British pound has remained under pressure, suggesting recent decline may resume after consolidation, break of yesterday's low at 1.6162 would add credence to our view that early rebound from 1.6052 low has ended at 1.6525, bring subsequent fall to 1.6125-30 and possibly towards 1.6100, however, loss



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