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Trade Idea : GBP/USD - Stand aside

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

  1. Lily

    Lily Forum Member

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    As the British pound fell again after meeting renewed selling interest at 1.3035 on Friday, suggesting near term downside risk remains for recent decline from 1.3372 to extend weakness to 1.2885-90 (50% projection of 1.3372-1.2956 measuring from 1.3372-1.2956 measuring from 1.3094), however, loss of near term downward momentum should prevent[​IMG]

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