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Further downside on the horizon?
British Pound / U.S. Dollar
Further downside on the horizon?
By Investomaniauk
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Updated
Nov 12, 2015
2
Cheer
Cheer
Nov 9, 2015
BOE dovish, Fed hawkish and with a rate hike back on for December, the old lady will most likely tumble further.
We should go into consolidation mode today before resuming the down trend. Market will most likely test the 1.5100/1.5200 levels first.
Nov 10, 2015
Comment
High of 1.5145 reached
Nov 11, 2015
Comment
High of 1.5186 reached - price action behaving as predicted.
Nov 11, 2015
Comment
1.5194 hit. Will consider entering a short, will wait to see what happens at the London FIX time.
Nov 12, 2015
Comment
Entered Short at 1.52.40 with stops at 1.5300 - TG area 1.5000 then 1.4800
GBPUSD
Investomaniauk
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