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Trade Idea : GBP/USD - Buy at 1.5390

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 21, 2015.

  1. Lily

    Lily Forum Member

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    Although cable has retreated after faltering below indicated resistance at 1.5509 (last week's high) and further consolidation below this level would be seen, reckon downside would be limited to support at 1.5415 and 1.5390-95 (38.2% Fibonacci retracement of 1.5201-1.5509) should attract renewed buying interest, bring another rise later, above said[​IMG]

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