Pound traded in line with our expectation, but a spike back to 1.8530 has eliminated us from our 1.8530 sell position for no P/L. However we would look to sell again on raise near 1.8580 expecting the currency to decline towards 1.8400.
Sell @ 1.8580 for 1.8430, with stop above 1.8610.
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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