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Trade Idea : GBP/USD - Sell at 1.4220

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

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable retreated after meeting resistance at 1.4168, break of yesterday's low at 1.4057 is needed to signal recent decline has resumed and extend weakness to 1.4025-30, then towards psychological support at 1.4000, however, near term oversold condition should limit downside to 1.3970 and reckon 1.3950 would hold[​IMG]

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