Tuesday, December 2, 2014

Trade Idea: GBP/USD - Buy at 1.5670

Although cable has retreated after meeting resistance at 1.5764 yesterday, yesterday's strong rebound from 1.5585 suggests a temporary low has possibly been formed and downside should be limited to 1.5670-75 (50% Fibonacci retracement of 1.5585-1.5764) and bring another rebound later. Above said resistance would extend gain to 1.5800 but break



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