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

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

  1. Lily

    Lily Forum Member

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    Although the British pound has rebounded after finding renewed buying interest at 1.4530 (long position was entered at 1.4540), near term overbought condition should prevent sharp move beyond 1.4690-00 (1.236 times projection of 1.4149-1.4445 measuring from 1.4326) and reckon upside would be limited to[​IMG]

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