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Trade Idea Wrap-up: GBP/USD - Hold long entered at 1.4410

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 10, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable has rebounded after holding above indicated support at 1.4375, break of 1.4480 resistance is needed to signal low has possibly been formed there, bring a stronger rebound to 1.4525-30 (38.2% Fibonacci retracement of 1.4770-1.4375) and then test of previous resistance at 1.4545 but price should falter below[​IMG]

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