Trade Idea Wrap-up: GBP/USD ? Sell at 1.6185

Trade Idea Wrap-up: GBP/USD ? Sell at 1.6185

<p>As the British pound has fallen again after intra-day brief bounce, suggesting the decline from last week?s high at 1.6344 is still in progress and further weakness to 1.6050 would be seen, however, near term oversold condition should prevent sharp fall below previous chart support at 1.6030 and reckon 1.6000<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/EIA3HQr1Oyg" height="1" width="1"/>

Source: Trade Idea Wrap-up: GBP/USD ? Sell at 1.6185