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Trade Idea Update: GBP/USD - Sell at 1.4540 or buy at 1.4400

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 1, 2016.

  1. Lily

    Lily Forum Member

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    As the British pound has fallen again after meeting renewed selling interest at 1.4508, suggesting the decline from 1.4740 is still in progress and may extend weakness to 1.4400-05, however, loss of near term downward momentum should prevent sharp fall below 1.4380-85 (61.8% projection of 1.4654-1.4451 measuring from 1.4508) and[​IMG]

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