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Trade Idea Update: GBP/USD - Sell at 1.3170

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 16, 2016.

  1. Lily

    Lily Forum Member

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    Current selloff together with the breach of previous support at 1.3138 suggests recent decline is still in progress and may extend weakness to 1.3085-90 (61.8% projection of 1.3445-1.3138 measuring from 1.3279), then towards 1.3050-55, however, near term oversold condition should prevent sharp fall below 1.3030 and reckon 1.3000 would contain[​IMG]

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