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Trade Idea Update: GBP/USD - Sell at 1.4220

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 23, 2016.

  1. Lily

    Lily Forum Member

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    Although cable retreated after meeting resistance at 1.4168, break of yesterday's low at 1.4057 is needed to signal recent decline has resumed and extend weakness to 1.4025-30, then towards psychological support at 1.4000, however, near term oversold condition should limit downside to[​IMG]

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