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Trade Idea Update: GBP/USD - Stand aside

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

  1. Lily

    Lily Forum Member

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    Although cable's intra-day breach of previous resistance at 1.4770 adds credence to our view that early erratic rise from 1.3836 has resumed and gain towards 1.4790-00 is likely, loss of upward momentum should prevent sharp move beyond 1.4840-50 and price should falter well below 1.4880-85 (50% Fibonacci retracement of 1.5930-1.3836),[​IMG]

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