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GBP/USD:support 1.4080 keeps market from further downtrend

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily forecast, 03.16.16 Main scenario: The pair is trading along an downtrend, that may be expected to continue in case the market drops below support level 1.4080, which will be followed by reaching support level 1.3975 and 1.3875. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.4210, which will be followed by moving up to resistance level 1.4390.

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