Thursday, December 11, 2014

Trade Idea: GBP/USD - Buy at 1.5650

Although cable also surged to 1.5757 earlier today, as price has retreated after faltering below previous resistance at 1.5764, suggesting consolidation below this level would be seen and pullback to the upper Kumo (now at 1.5675) cannot be ruled out, however, support at 1.5647 should limit downside and



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