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Why I’m buying cable: Coleman

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Ian Coleman, of First4Trading, illustrates in a technical analysis of charts why he is trading GBPUSD.

He plans to buy GBPUSD at 1.2422, a bespoke support level. He has an Intraday target of 1.2645 and medium-term targets around 1.37–1.3740. His stop is 1.2360.

Coleman features technical analysis of a selected trade every Tuesday on Trading Floor.