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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 5, 2016.

  1. Lily

    Lily Forum Member

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    As the British pound has remained under pressure after falling to 1.4663 yesterday, suggesting recent decline is still in progress and further weakness to 1.4650, then 1.4620-25 would be seen, however, near term oversold condition should prevent sharp fall below 1.4600, risk from there has increased for a rebound to[​IMG]

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