Trade Idea Wrap-up: GBP/USD – Stand aside

Cable’s intra-day selloff on active cross-selling in sterling suggests the rebound from 1.2383 has ended at 1.2524 and downside risk is seen for test of said support, however, break there is needed to retain bearishness and bring retest of 1.2347, once this level is penetrated, this would signal the fall

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