Tuesday, December 9, 2014

Trade Idea: GBP/USD - Stand aside

The British pound staged a stronger-than-expected rebound from yesterday's low at 1.5541 and near term upside risk remains for gain to resistance at 1.5695, however, break of resistance at 1.5726 is needed to signal a temporary low has been formed there, bring retracement of recent decline to 1.5745-50 and possibly



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