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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 1, 2016.

  1. Lily

    Lily Forum Member

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    Cable met renewed selling interest at 1.4426 and the subsequent retreat dampened our bullishness and downside risk remains for the fall from 1.4459 top to bring retracement of recent rise, below 1.4324-25 (38.2% Fibonacci retracement of 1.4109-1.4459) would bring test of 1.4283-84 (previous resistance and 50% Fibonacci retracement)[​IMG]

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