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Trade Idea Update: GBP/USD - Buy at 1.3255

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 8, 2016.

  1. Lily

    Lily Forum Member

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    Although cable's retreat from this week's high of 1.3445 suggests consolidation below this level would be seen and pullback to 1.3295-00 (38.2% Fibonacci retracement of 1.3059-1.3445) is likely, support at 1.3288 should limit downside and 1.3252-53 (50% Fibonacci retracement and previous support) should hold, bring rebound later.[​IMG]

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