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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 2, 2015.

  1. Lily

    Lily Forum Member

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    Current selloff below support at 1.4994 signals the decline from 1.5930 top is still in progress and may extend further weakness to 1.4920-25 and then 1.4900, however, near term oversold condition should prevent sharp fall below latter level and reckon 1.4850-55 would hold from here, risk from there is seen[​IMG]

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