GBP/USD-6003
Original strategy:
Sell at 1.6060, Target: 1.5960, Stop: 1.6100
New strategy:
Sell at 1.6065, Target: 1.5960, Stop: 1.2 6105
After yesterday's low at 1.6032 has continued to keep, proposing further sideways trading would take place and retracement-6067-68 (past and current level of the Kijun-sen) is likely, but renewed selling interest should appear there and get another decline; a break on the aforementioned aid would extend decline from 1.6300 up against 1.5900 but count past support in .1 5877 would keep away.
Against this background, we are still looking to sell cable recovery which 1.6095 (61.8% Fibonacci retracement of the 1.6183 to 1.5952) should Cap upside. Only break above Ichimoku cloud base (now at 1.6114) would stop and signal was formed.
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