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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 22, 2016.

  1. Lily

    Lily Forum Member

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    Cable's retreat after yesterday's brief rise to 1.4784 has retained our view that suggests consolidation below this level would be seen and a break of yesterday's low at 1.4616 would bring retracement of recent rise to 1.4565-70 (38.2% Fibonacci retracement of 1.4222-1.4784) but reckon support at 1.4544 would limit downside[​IMG]

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