Direction:
short
Target: TP1
– 1,5900
Protection:
SL – 1,6050
Our setup:
1,5980
Background:
In the big picture all the crosses are in range and in the forex market after
the FOMC meeting. Since last wednesday the Cable has been consolidated without
any big moves. The Cable did modest movement in the last couple of days. The
sentiment seems to us a bit bearish. So the possible outcome could be today and
tomorrow that the Sterling will comes down from the recent weak levels and
likely comes down to the 1,5900 area.
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Have a
great day!
The BFM
Assets Team
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