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Trade Idea Wrap-up: GBP/USD - Buy at 1.3060

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 13, 2016.

  1. Lily

    Lily Forum Member

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    Cable’s retreat after faltering below indicated resistance at 1.3342-50 has retained our view that further consolidation below this level would be seen and test of 1.3150-55 (38.2% Fibonacci retracement of 1.2850-1.3338) cannot be ruled out, however, downside should be limited to 1.3090-95 (50% Fibonacci retracement) and renewed buying interest should[​IMG]

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