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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 12, 2016.

  1. Lily

    Lily Forum Member

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    Despite yesterday's rebound to 1.4489, lack of follow through buying on break of previous resistance at 1.4480 and the subsequent retreat dampened our near term bullishness and further consolidation would be seen, however, below 1.4395-00 is needed to signal decline has resumed for retest of this week's low at 1.4375,[​IMG]

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