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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 12, 2016.

  1. Lily

    Lily Forum Member

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    Although the British pound has fallen again after intra-day brief bounce to 1.3035 and near term downside risk remains for recent decline from 1.3372 to extend weakness to 1.2900, loss of near term downward momentum should prevent sharp fall below 1.2870-75 and reckon 1.2850 would hold from here, bring another rebound later.[​IMG]

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