Pound should now find resistance near 1.7540 and a break above there 1.7620. However we would look to initiate a sell position at 1.7540 expecting a decline towards 1.7470/50. So prefer going short on such rise for the above said target to be reached.
Sell @ 1.7540 for 1.7470, with stop above 1.7570.
By N. Rajesh Kumar,
Forex Leads,
Email:
rajesh@forexleads.com ,
# 3 G-1 Ambal Flats,
Sathyavathi Nagar,
Padi Chennai 600050,
Phone: + 91 44 26549159
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