As expected Pound has met resistance at the forecasted level and we have initiated a sell position at the intended 1.8460 level. For now we would expect the currency to decline to wards the 1.8300 target. So hold our sell position for the above said target to be reached. Amend stop to entry on break below 1.8430.
Hold sell @ 1.8460 for 1.8360 min, with stop now at 1.8460.
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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