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Trade Idea Update: GBP/USD - Buy at 1.4175

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 12, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable has risen again after finding renewed buying interest at 1.4226 and further gain to 1.4350-55 (76.4% retracement of 1.4459-1.4005) is likely, loss of near term upward momentum should prevent sharp move beyond 1.4375-85 and resistance at 1.4426 should hold, price should falter well below 1.4459, bring retreat later.[​IMG]

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