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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 21, 2016.

  1. Lily

    Lily Forum Member

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    Although current euro-led selloff signals recent decline has resumed and downside risk remains for weakness to 1.4070, loss of downward momentum should prevent sharp fall below 1.4040-50 and price should stay well above psychological level at 1.4000, risk from there is seen for a correction to take place later.[​IMG]

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