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Trade Idea Update: GBP/USD - Sell at 1.5005 or buy at 1.4785

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 22, 2015.

  1. Lily

    Lily Forum Member

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    Although current resumption of recent decline suggests bearishness remains for further weakness to 1.4850, then 1.4820-25, however, loss of downward momentum should prevent sharp fall below 1.4800 and reckon 1.4780-85 would limit downside and bring rebound later. Above 1.4925-30 would suggest a temporary low is possibly formed, bring retracement to[​IMG]

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