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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 1, 2016.

  1. Lily

    Lily Forum Member

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    The British pound has surged again after intra-day post-UK data rally and broke above previous resistance at 1.3279 (last week's high), adding credence to our view that recent rise from 1.2866 is still in progress and may extend further gain to 1.3345-50, however, near term overbought condition should prevent sharp[​IMG]

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