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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 30, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the British pound extended recent rise from 1.4057 to as high as 1.4451 earlier today, current retreat suggests consolidation below this level would be seen and pullback to 1.4365-70 cannot be ruled out, however, reckon 1.4323 (current level of the Kijun-Sen and 50% Fibonacci retracement of 1.4195-1.4451) would limit downside[​IMG]

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