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Trade Idea Wrap-up: GBP/USD - Buy at 1.4995

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 27, 2015.

  1. Lily

    Lily Forum Member

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    The British pound finally resumed recent decline and broke below this week's low at 1.5054, suggesting recent decline is still in progress and test of previous support at 1.5027 is underway, break there would extend decline from 1.5930 to 1.4995-1.5000 (50% projection of 1.5336-1.5054 measuring from 1.5136 and psychological level)[​IMG]

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