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Video / 10 August 2016 at 6:57 GMT

GBPUSD technical analysis for bearish trade: Collins

The negativity around sterling since Brexit never seems to end, according to Alan Collins from He believes that there are bearish signals and expects to sell GBPUSD. Collins provides a technical analysis of GBPUSD to explain why the pair could attract sellers. 

Collins expects to sell at 1.3124. His targets are 1.3006,1.2956 and 1.2798 with a stop at 1.3211. 
10 August
Raj-900 Raj-900
Duration of the trade day/few days trade?
10 August
AlanCollins AlanCollins
Through until the end of the week
11 August
AlanCollins AlanCollins
With our 2nd target met on this trade idea, the stop should be no higher than break even, 1.3010 would be preferred. Also interim support levels where profits could be considered are at 1.2882 and 1.2842


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