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Trade Idea Update: GBP/USD - Buy at 1.4000

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 3, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Cable has maintained a firm undertone after yesterday's rally above resistance at 1.4043, suggesting near term rise from 1.3836 low is still in progress for retracement of recent decline, hence gain to 1.4120-25 (50% Fibonacci retracement of 1.4408-1.3836) would be seen, however, loss of near term upward momentum should prevent[​IMG]

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