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Trade Idea Update: GBP/USD - Buy at 1.4645

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

  1. Lily

    Lily Forum Member

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    As the British pound has retreated after intra-day rise to 1.4770, suggesting consolidation below this level would be seen and pullback to 1.4655-60 (38.2% Fibonacci retracement of 1.4474-1.4770), however, reckon downside would be limited to 1.4640-45 and bring another rise, above said resistance at 1.4770 would extend recent erratic rise[​IMG]

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