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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 19, 2015.

  1. Lily

    Lily Forum Member

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    The British pound found support at 1.5427 earlier today and has rebounded again, suggesting recent upmove is still in progress and a break of resistance at 1.5509 (last week's high) would extend rise to 1.5545-50 (1.236 times projection of 1.5107-1.5388 measuring from 1.5201), however, loss of upward momentum should prevent[​IMG]

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