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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 15, 2016.

  1. Lily

    Lily Forum Member

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    Cable's intra-day selloff suggests top has been formed at 1.4437 last week and downside risk remains for the decline from there to bring retracement of recent upmove and weakness to 1.4135-40 (50% Fibonacci retracement of 1.3836-1.4437), then 1.4118 support is likely, however, reckon downside would be limited to[​IMG]

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