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Trade Idea Update: GBP/USD - Sell at 1.2870

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 4, 2016.

  1. Lily

    Lily Forum Member

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    Current breach of indicated previous support at 1.2795 adds credence to our view that medium term downtrend has resumed and bearishness remains for further decline to 1.2750, however, loss of downward momentum should prevent sharp fall below 1.2700-10, risk from there has increased for a corrective rebound to take place later.[​IMG]

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