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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 4, 2016.

  1. Lily

    Lily Forum Member

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    The British pound reversed intra-day rebound and dropped from 1.4816, current break of 1.4693 suggests recent decline is still in progress and may extend weakness to 1.4750, then 1.4620-25, however, near term oversold condition should prevent sharp fall below 1.4600, risk from there has increased for a rebound to take place later.[​IMG]

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