Thursday, April 9, 2015

Trade Idea Update: GBP/USD - Sell at 1.4885

Despite intra-day breach of previous support at 1.4777, lack of follow through selling and current rebound from 1.4765 suggest consolidation would be seen and recovery to the Kijun-Sen (now at 1.4869) cannot be ruled out, however, reckon resistance at 1.4886 would limit upside and bring another decline later.



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