Trade Idea Update: GBP/USD – Sell at 1.5470

As cable has recovered again after holding above intra-day support at 1.5373, retaining our view that minor consolidation would be seen and retracement to 1.5430/40 cannot be ruled out, however, reckon renewed selling interest would emerge below the Kijun-Sen (now at 1.5475) and bring another decline to 1.5350/55 (50% projection of 1.5999 to 1.5464 measuring from 1.5620)

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