Pound declined below 1.8300 levels and still trade below this level, pound should consolidate with a positive bias, 1.8340 levels should cap any move higher and it should bring a fresh decline towards 1.8200 levels. We now prefer to sell the pair on any move higher near 1.8320 for the above said target to be reached.
Sell @ 1.8320 for 1.8250 min with stop above 1.8350.
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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