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Trade Idea Wrap-up: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 11, 2017.

  1. Lily

    Lily Forum Member

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    Although cable has fallen again after meeting renewed selling interest at 1.2198 and near term downside risk remains for recent decline to extend weakness to 1.2030-35 (50% projection of 1.2433-1.2107 measuring from 1.2198), loss of downward momentum should prevent sharp fall below there today and reckon previous chart support at[​IMG]

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