Cable Clears 1.7100 But Don't Expect Gains To Last

01 Jul 2014 00:02 BST · Time Estimate: 0 seconds ·

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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