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14 Apr 2015
Buy GBP/USD pullbacks – AceTrader
FXStreet (Barcelona) - The AceTrader Team notes recent rebound from 1.4566 suggests a temporary low has been made and any intraday pullbacks for GBP/USD must be bought.
Key Quotes
“Cable strengthened after a brief drop to 1.4661 in Australia n price penetrated NY res at 1.4682 in Asian morning before retreating to 1.4666 due partly to cross-selling in sterling vs yen.”
“As yesterday's intra-day rebound from a fresh near 5-year trough at 1.4566 on short-covering strongly suggests recent losing streak has made a temporary low there, buying the British pound on intra-day pullback is favoured today.”
“At present, bids are noted at 1.4660-50 and around 1.4630 with mixture of bids and stops emerging below 1.4610.”
“On the upside, offers are placed at 1.4700-10, 1.4725/30 and more at 1.4740-50 with stops located just above 1.4750.”
Key Quotes
“Cable strengthened after a brief drop to 1.4661 in Australia n price penetrated NY res at 1.4682 in Asian morning before retreating to 1.4666 due partly to cross-selling in sterling vs yen.”
“As yesterday's intra-day rebound from a fresh near 5-year trough at 1.4566 on short-covering strongly suggests recent losing streak has made a temporary low there, buying the British pound on intra-day pullback is favoured today.”
“At present, bids are noted at 1.4660-50 and around 1.4630 with mixture of bids and stops emerging below 1.4610.”
“On the upside, offers are placed at 1.4700-10, 1.4725/30 and more at 1.4740-50 with stops located just above 1.4750.”