Blindfoldedmonkey: Cable intraday scenario

Monday 29 July 2013

Cable intraday scenario

From the UK today we have some news like M4 Money Supply and Net Lending for Individuals. Those reports could affect on the GBPUSD rate. Our bet is for today is a short side move. We will have many short sell oportunities today, mostly after the news coming out. We sold at 1,5383 the cross and hope for a sharp short rally to 1,5353 support level. This support should be broken today and then the outlook remains negative and could hit the big support area at 1.5280. If the downside strength still intact.


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