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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 22, 2016.

  1. Lily

    Lily Forum Member

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    Cable's intra-day selloff suggests top has been formed at 1.4515 late last week and near term downside risk remains for retracement of recent rise, hence weakness to 1.4190 cannot be ruled out, however, reckon 1.4175 (50% Fibonacci retracement of 1.3836-1.4515) would limit downside and 1.4150 should hold[​IMG]

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