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Trade Idea Wrap-up: GBP/USD - Hold short entered at 1.4555

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 3, 2016.

  1. Lily

    Lily Forum Member

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    Although current rebound on dollar's broad-based weakness suggests caution on our near term bearishness, anticipated cross-selling in sterling should limit upside and as long as 1.4582 holds, consolidation with mild downside bias is seen for retreat to 1.4473 (previous resistance), break there would signal top is formed, bring weakness to[​IMG]

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