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Trade Idea Wrap-up: GBP/USD - Buy at 1.2945

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 17, 2016.

  1. Lily

    Lily Forum Member

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    As cable has retreated after yesterday's anticipated rebound to 1.3071, suggesting consolidation with initial downside bias would be seen and pullback to 1.2970 cannot be ruled out, however, if our view that a temporary low has been formed at 1.2866 is correct, downside should be limited to 1.2941-43 (previous support[​IMG]

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