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Trade Idea: GBP/USD - Buy at 1.4440

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 17, 2016.

  1. Lily

    Lily Forum Member

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    Current anticipated rally add credence to our view that low has been formed at 1.4332 yesterday and consolidation with upside bias remains for gain to 1.4545-50 (previous resistance and 50% Fibonacci retracement of 1.4770-1.4332), however, near term overbought condition should prevent sharp move beyond 1.4575-80 and reckon 1.4600-05 (61.8% Fibonacci[​IMG]

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