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GBP/USD Chart Alert - Favoring Further Downside

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GBP/USD Chart Alert - Favoring Further Downside

Postby Himanshu » Thu Oct 01, 2015 9:49 am

GBP/USD has breached the important support level of 1.5170 and that has strengthened the bearish sentiments.


We now expect next target as 1.5055 and a break below 1.5000 should extend the fall towards 1.4800 next. Do check the complete analysis at:

The above URL is not clickable and hence either by going to the blog section or copying and pasting this URL.
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Re: GBP/USD Chart Alert - Favoring Further Downside

Postby Sininfinity » Thu Oct 15, 2015 4:57 am

Price made a big move upwords and at 1.547xx zone. Also it is around 61.8% fibonacci retracement level but bulls have shown strength reaching there. It is difficult to say if price will fall from there or fibonacci retracement will fail. - Spread from 0 pips, Promotions
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