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Trade Idea Update: GBP/USD - Buy at 1.3030

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

  1. Lily

    Lily Forum Member

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    As cable has surged again and broken above previous resistance at 1.3091, adding credence to our view that a temporary low has been formed at 1.2946 yesterday, hence consolidation with upside bias remains for retracement of recent decline and test of previous support at 1.3138, then 1.3145-50 (50% Fibonacci retracement[​IMG]

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