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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 23, 2015.

  1. Lily

    Lily Forum Member

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    Although cable has recovered after falling to 1.4805 yesterday, reckon the lower Kumo (now at 1.4896) would limit upside and bring another decline later, below said support would extend weakness to 1.4785-90 (50% projection of 1.5186-1.4865 measuring from 1.4950), however, loss of downward momentum should prevent sharp fall below there[​IMG]

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