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Trade Idea Wrap-up: GBP/USD - Sell at 1.4570 or buy at 1.4385

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 5, 2016.

  1. Lily

    Lily Forum Member

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    As cable has recovered after marginal fall to 1.4444, minor consolidation would be seen and recovery to 1.4543 cannot be ruled out, however, resistance at 1.4572 should limit upside and bring another decline later, below said support would extend the fall from 1.4770 top to 1.4430 (50% Fibonacci retracement of[​IMG]

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