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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 3, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Cable's stronger-than-expected retreat from 1.4770 signals top has been formed there and consolidation with downside bias is seen for retracement of recent upmove to 1.4510 (38.2% Fibonacci retracement of 1.4090-1.4770), however, reckon downside would be limited to 1.4474 support and near term oversold condition should limit downside to 1.4430 (50%[​IMG]

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