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Trade Idea Wrap-up: GBP/USD - Sell at 1.3230

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 31, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Cable's rebound after holding above last week's low at 1.3059 suggests decline from 1.3279 (last week's high) has ended and initial upside risk remains for recovery to 1.3195-00 (61.8% Fibonacci retracement of 1.3279-1.3059), however, reckon 1.3230-40 would limit upside and bring another decline later, below 1.3080-85 would signal the rebound[​IMG]

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