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Trade Idea : GBP/USD - Buy at 1.4195

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 15, 2016.

  1. Lily

    Lily Forum Member

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    As cable's fall from 1.4437 has continued putting pressure on sterling, suggesting near term downside risk remains for this decline to bring a stronger retracement of recent upmove and weakness to 1.4190-00 cannot be ruled out, however, reckon 1.4170-75 (50% Fibonacci retracement of 1.3904-1.4437) would contain weakness and bring rebound later.[​IMG]

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