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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 15, 2016.

  1. Lily

    Lily Forum Member

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    As the British pound fell again after meeting renewed selling interest at 1.3035 on Friday, suggesting near term downside risk remains for recent decline from 1.3372 to extend weakness to 1.2850, however, loss of near term downward momentum should prevent sharp fall below 1.2835-40 (61.8% projection of 1.3372-1.2956 measuring from[​IMG]

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