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Trade Idea Update: GBP/USD - Sell at 1.5190 or buy at 1.5020

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 26, 2015.

  1. Lily

    Lily Forum Member

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    Although cable has retreated again in London morning, break of support at 1.5054 is needed to signal recent decline has resumed and extend weakness to 1.5040-45 (50% projection of 1.5336-1.5109 measuring from 1.5156) but loss of near term downward momentum should prevent sharp fall below previous support at 1.5027 and[​IMG]

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