FX.co ★ GBP/USD - Sell below 1.53 - for April 24, 2013 (daily strategy)

The British pound is torn between 1.52 and 1.53, although its direction is bearish in the medium term. This pair is trading within the long-term bearish channel. The fact that today’s attempt to break the bearish channel ceiling failed, it is recommended to sell this pair at current price levels with medium-term targets in the area of 1.4950. The Momentum Indicator is showing a clear bearish signal.

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