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Trade Idea: GBP/USD - Buy at 1.4440

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 23, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As cable's selloff from last week's high of 1.4664 has kept price under pressure, suggesting near term downside risk remains for this fall to extend weakness towards 1.4455-60 (61.8% Fibonacci retracement of 1.4332-1.4664), however, as this move is still viewed as retracement of the rise from 1.4332, downside should be[​IMG]

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