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Trade Idea Update: GBP/USD - Buy at 1.3100

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 18, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As cable has rallied shortly after the release of much better-than-expected UK retail sales data, suggesting recent decline from 1.3372 has ended at 1.2866, hence near term bullishness remains for the rise from 1.2866 to extend further to 1.3175-79 (previous resistance and 61.8% Fibonacci retracement of 1.3372-1.2866), then 1.3200 but[​IMG]

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