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Trade Idea Wrap-up: GBP/USD - Buy at 1.3255

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 7, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable's retreat after rising to 1.3445 yesterday suggests consolidation below this level would be seen and pullback to 1.3295-00 (38.2% Fibonacci retracement of 1.3059-1.3445) is likely, however, support at 1.3288 should limit downside and 1.3252-53 (50% Fibonacci retracement and previous support) should hold, bring rebound later.[​IMG]

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