Pound could not get lower below 1.8800 and is consolidating above there. For now we would expect a short-term resistance at 1.8870 for a min correction till 1.8720 or 1.8670. So we would prefer selling on attempts near 1.8850 for a pull back towards the above said target.
Sell @ 1.8850 for 1.8720, with stop above 1.8880
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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