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Trade Idea : GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 7, 2016.

  1. Lily

    Lily Forum Member

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    Yesterday's rally on dollar's broad-based weakness signals recent rise from 1.2866 is still in progress and may extend further gain to 1.3450, however, loss of upward momentum should prevent sharp move beyond previous resistance at 1.3477, price should falter below 1.3500-10, risk from there remains for a retreat later.[​IMG]

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