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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 6, 2016.

  1. Lily

    Lily Forum Member

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    As cable has dropped again after intra-day brief bounce to 1.4545, suggesting the reversal from this week's high of 1.4770 is still in progress and may extend weakness towards 1.4403 support, however, loss of downward momentum should prevent sharp fall below 1.4385-90 (50% projection of 1.4770-1.4461 measuring from 1.4543) and price should stay above[​IMG]

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