The Pound Could be Riding High Again
The British Pound may return to its highs of this month before the Federal Reserve (Fed) meeting this week after a huge correction. This correction could be just a step back for the Cable amid uncertainty over major central banks further actions.
In this logic, a nice long opportunity is emerging at 1.28300-1.28700 with a target at 1.30700-1.30900. The stop-loss should be set at 1.27000.
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