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Trade Idea Update: GBP/USD - Sell at 1.4080

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 26, 2016.

  1. Lily

    Lily Forum Member

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    Cable's rebound after holding above this week's low at 1.3878 suggests further consolidation would be seen and another corrective bounce to 1.4050-57 (previous support now resistance) cannot be ruled out, however, reckon renewed selling interest would emerge around 1.4080 (38.2% Fibonacci retracement of 1.4408-1.3878), bring another decline later.[​IMG]

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