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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 9, 2016.

  1. Lily

    Lily Forum Member

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    As cable has dropped again on dollar's broad-based rebound, suggesting near term downside risk remains for the fall from 1.3445 top to extend weakness to 1.3220-25 (1.236 times projection of 1.3445-1.3319 measuring from 1.3376), then towards 1.3206 (61.8% Fibonacci retracement of 1.3059-1.3445), however, near term oversold condition should limit downside to[​IMG]

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