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11/06/2014: I have just SOLD GBP/USD at $1.67860


I see today’s jump following the UK unemployment data as a chance to sell.

The rate is back into the resistance band $1.6780/$1.6800 and I see the outlook remaining corrective near term for a move back towards $.6691 at least.

I have placed my stop at $1.6835 (49 pips) which is just above the reaction high at $1.6830.


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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.