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Trade Idea Wrap-up: GBP/USD - Sell at 1.4080

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 24, 2016.

  1. Lily

    Lily Forum Member

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    Cable has recovered after falling to 1.3878, suggesting minor consolidation above this level would be seen and test of the Kijun-Sen (now at 1.4000) is likely, however, previous support at 1.4057 should limit upside and renewed selling interest should emerge around 1.4080 (38.2% Fibonacci retracement of 1.4408-1.3878), bring another decline later.[​IMG]

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