Trade Idea: GBP/USD – Buy at 1.2710 – Action Forex

Although cable staged a brief bounce to 1.2858, as price has retreated after failing to penetrate minor resistance at 1.2859, retaining our view that further consolidation below last week’s high at 1.2906 would be seen and risk of another corrective fall to 1.2757 (38.2% Fibonacci retracement of 1.2515-1.2906) is seen, however, reckon 1.2710 (50% Fibonacci retracement as well as 100% projection of a leg from1.2906) would limit downside and bring another rise later

Πηγή: Trade Idea: GBP/USD – Buy at 1.2710 – Action Forex

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Author: sevenepsilonseven

innovative exploitation of capital / ship / PATENT / public opinion former / loans in gold / against the new order things / towards globalization .... and enemy of the idiots

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