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Trade Idea Update : GBP/USD - Sell at 1.3230

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 31, 2016.

  1. Lily

    Lily Forum Member

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    As cable rebounded after holding above last week's low at 1.3059 and broke above resistance at 1.3120, suggesting decline from 1.3279 (last week's high) has ended and initial upside risk is seen for recovery to 1.3195-00 (61.8% Fibonacci retracement of 1.3279-1.3059), however, reckon 1.3230-40 would limit upside and bring another[​IMG]

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