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Trade Idea Update: GBP/USD - Buy at 1.4965

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 30, 2015.

  1. Lily

    Lily Forum Member

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    The British pound has remained under pressure and downside risk remains for recent decline to extend decline from 1.5930 towards 1.4995-1.5000 (50% projection of 1.5336-1.5054 measuring from 1.5136 and psychological level), however, loss of near term downward momentum should prevent sharp fall below 1.4960-65 (61.8% projection) and bring rebound later.[​IMG]

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