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Trade Idea Update: GBP/USD - Stand aside

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

  1. Lily

    Lily Forum Member

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    As the British pound has remained under pressure after meeting renewed selling interest at 1.4219, suggesting recent decline has once again resumed and downside risk remains for weakness to 1.4070 but loss of downward momentum should prevent sharp fall below 1.4050-55 (50% projection of 1.4609-1.4115 measuring from 1.4328) and[​IMG]

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