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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 16, 2016.

  1. Lily

    Lily Forum Member

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    The British pound has fallen again after brief bounce to 1.4198, suggesting the decline from 1.4437 top (last week's high) is still in progress and may extend weakness to 1.4050 (approx. 50% projection of 1.4437-1.4147 measuring from 1.4198), however, loss of near term momentum should prevent sharp fall below[​IMG]

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