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13.07.2012 06:23 PM
GBP/USD Fractal 1.5408 - For July 13, 2012 (Daily Strategy)

 

 

On daily chart the British pound shows a recovery from the bearish pressure. During previous weeks the pair was in consolidation and the fact that it has broken its downtrend line means that there must be a downward pressure and it is likely that your goal is 1.5245.
Therefore, in this range of 1.54 (Fractal) to 1.5580 (fractal) it is better to be very cautious with our position, we recommend selling below 1.5580 near the level of resistance, or, if the pair closes the negotiations now, below 1.5400. We recommend selling with the targeted for 1.5245 level.

 

 

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