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FXTechstrategyTeam
Aug 3, 2015 1:47 PM

GBPUSD: Risk Points Lower On Correction Short

British Pound/U.S. DollarFXCM

Description

GBPUSD: GBP continues to look vulnerable to the downside on correction with more decline envisaged. On the downside, support lies at the 1.5550 level where a break if seen will aim at the 1.5500 level. We look to sell this pair at:

Strategy: Sell at 1.5632, Stop loss at 1.5700, Price target at 1.5532 & 1.5460
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