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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 25, 2016.

  1. Lily

    Lily Forum Member

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    Although the British pound has retreated after meeting resistance at 1.3165 and consolidation with mild downside bias would be seen for weakness towards 1.3079, however, break of last week's low at 1.3064 is needed to confirm decline has resumed for weakness to 1.3040, then towards 1.3000 which is likely to hold on first testing.[​IMG]

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