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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 6, 2016.

  1. Lily

    Lily Forum Member

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    Cable did meet renewed selling interest at 1.4582 on Friday and tumbled on active cross-selling in sterling, justifying our bearishness and our short position entered at 1.4555 met downside target at 1.4415 (with 140 points profit), although price then dropped to as low as 1.4352, the subsequent rebound suggests consolidation[​IMG]

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