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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 15, 2016.

  1. Lily

    Lily Forum Member

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    Although cable rose marginally to 1.3481, lack of follow through buying on break of yesterday's high of 1.3477 suggests consolidation would be seen and test of the Kijun-Sen (now at 1.3344) cannot be ruled out, however, below 1.3275-80 is needed to signal top is formed, bring further weakness to 1.3250, then towards 1.3200-10.[​IMG]

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