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Trade Idea : GBP/USD - Sell at 1.3105

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 19, 2016.

  1. Lily

    Lily Forum Member

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    As cable has recovered after dropping sharply below 1.3000 psychological level, suggesting consolidation above support at 1.2996 would be seen and recovery to 1.3090-95 (38.2% Fibonacci retracement of 1.3248-1.2996) cannot be ruled out, however, reckon 1.3120-25 (50% Fibonacci retracement of 1.3248-1.2996) would limit upside and bring another decline later[​IMG]

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