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Trade Idea Update: GBP/USD - Sell at 1.3190

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 5, 2016.

  1. Lily

    Lily Forum Member

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    The British pound has dropped again after meeting renewed selling interest at 1.3342 yesterday, adding credence to our view that recent decline has resumed and further weakness to 1.3050 and then 1.3030 is likely, however, near term oversold condition would prevent sharp fall below psychological level at 1.3000 and reckon 1.2950-60 would hold[​IMG]

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