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Trade Idea Wrap-up: GBP/USD - Sell at 1.4850

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 29, 2015.

  1. Lily

    Lily Forum Member

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    Cable's intra-day selloff together with the breach of previous support at 1.4805 (last week's low) confirm our view that recent decline has resumed and further weakness too 1.4775-80, then 1.4750 would be seen, however, near term oversold condition should limit downside to 1.4725-30 and reckon 1.4700 would hold today, bring rebound later.[​IMG]

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