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Trade Idea Update: GBP/USD - Sell at 1.4735

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 6, 2016.

  1. Lily

    Lily Forum Member

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    As the British pound has remained under pressure after resuming recent decline, adding credence to our bearishness for further weakness to 1.4600-10, however, near term oversold condition should prevent sharp fall below previous chart support at 1.4566, risk from there is seen for a rebound to take place later.[​IMG]

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