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Last Update 07/03/2014 - 4:08pm
AnalysisToday’s call – GBPUSD – Mild Bearish Bias – Sell a break of 1.6710 (30 pip stop)
GBPUSD – Bullish momentum resulted in GBPUSD posting the 2nd positive daily performance in succession yesterday. However, we have rejections in both directions with gains above the previous high of 1.6768 finding sellers. This has resulted in the bias being mildly skewed to the downside today but we need to see a break of bespoke support to get short. The call is Mild Bearish Bias – Sell a break of 1.6710 (30 pip stop). The profit targets will be: 1.6662 and 1.6600
Resistance levels: 1.6770, 1.6794 and 1.6821
Not sure about the analysis? Learn how to trade our signals >Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information. Hypothetical and simulated performance results do not represent actual trading, may not account for actual market factors and have many limitations. You may not achieve similar profits or results. No representation is being made with respect to performance, profits or results.
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