GBPUSD: Rebound Hinted Above 1.53 Mark
GBPUSD put in a Doji candlestick above support at 1.5327, the September 22 low, hinting an upswing is ahead. However, with initial support-turned-resistance so close by at 1.5413 risk/reward considerations argue against entering a trade at current levels. We will stand aside for now, looking for a more compelling opportunity down the road.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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