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Trade Idea: GBP/USD - Sell at 1.4080

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 25, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Cable's recovery after falling to 1.3878 yesterday suggests minor consolidation above this level would be seen and above 1.3960 would bring another corrective bounce to 1.4000, however, previous support at 1.4057 should limit upside and renewed selling interest should emerge around 1.4080 (38.2% Fibonacci retracement of 1.4408-1.3878), bring another decline[​IMG]

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