Pound has decline as forecasted but we missed the sell entry by 20 pips and has reached our target, for now the short term trend shows there will be price decline towards 1.8500 levels and if this level is cleared then we may see the decline catches the next support at 1.8450 levels, we now prefer to sell on any raise near 1.8575 levels for the above said target to be reached. Amend stop to entry once 30 pips profit is reached.
Sell @ 1.8575 for 1.8500 min with stop above 1.8605.
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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