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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 9, 2016.

  1. Lily

    Lily Forum Member

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    Although cable did fall again after meeting renewed selling interest at 1.4550 and reached our indicated downside target at 1.4430, as sterling found good support at 1.4351 and has rebounded on dollar's broad-based weakness, suggesting consolidation above this level would be seen and recovery to 1.4490-00 cannot be ruled out,[​IMG]

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