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Trade Idea Wrap-up: GBP/USD - Sell at 1.3270

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 20, 2016.

  1. Lily

    Lily Forum Member

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    Although cable has rebounded after finding support at 1.3064 earlier today and consolidation with initial upside bias is seen for retracement of recent decline to 1.3220-25 (38.2% Fibonacci retracement of 1.3481-1.3064), reckon upside would be limited to 1.3270-75 (50% Fibonacci retracement) and bring another decline later. Below 1.3100 would bring test of[​IMG]

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