Trade view /
13 October 2016 at 6:00 GMT
Asian trading in GBPUSD on Wednesday saw a reaction to Tuesday’s strong decline. But although trading was volatile the market was unable to sustain the extent of that upside, with Europe dominated by a steady, though modest, deterioration in investor sentiment. This, despite minor net gains, reflects an underlying negative bias that is expected to remain the key background element in Cable.
Management and risk description
A move to 1.2160 means the stop can be lowered to break even or better.
Sell in 1.2190/95 area and any 1.2222 rally.
1.2160 and 1.2125.
Intraday, ending London 4pm.Reaction from lows
Highs not held
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— Edited by Susan McDonald
Non-independent investment research disclaimer applies. Read more