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Trade Idea Wrap-up: GBP/USD - Sell at 1.3400

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 15, 2016.

  1. Lily

    Lily Forum Member

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    Although cable rose marginally to 1.3481, lack of follow through buying on break of yesterday's high of 1.3477 and the subsequent selloff suggest top has possibly been formed there and consolidation with downside bias is seen for weakness to 1.3190-00, then towards 1.3135-40 (50% Fibonacci retracement of 1.2795-1.3481) but break[​IMG]

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