Cable Clears 1.7100 But Don't Expect Gains To Last


Forex Daily Analysis 1st July 2014

Although Cable has surged through 1.7000 and looks like it could be on the verge of a major breakout, longer-term technical studies continue to warn against this outlook and suggest we could soon see a significant reversal.

There will be good opportunity to sell GBP/USD in the sessions ahead. Via @joelkruger

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What We Need to See Now

Plenty of movement in recent weeks that has benefited the US Dollar greatly, ...

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