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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 27, 2016.

  1. Lily

    Lily Forum Member

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    As the British pound has fallen again after brief recovery and price just broke below last week's low at 1.3228, suggesting recent selloff is still in progress and may extend weakness to 1.3120, then towards 1.3085-90 (50% projection of 1.5018-1.3228 measuring from 1.3981), however, loss of downward momentum should prevent sharp fall below[​IMG]

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