Friday, December 12, 2014

Trade Idea: GBP/USD - Stand aside

Although the British pound has rebounded after holding above indicated support at 1.5647 and gain to 1.5740 cannot be ruled out, break of indicated resistance at 1.5757-64 is needed to signal this week's rise from 1.5541 low has resumed for retracement of recent decline to 1.5790-00 later but resistance at



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