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Trade Idea: GBP/USD - Sell at 1.5120
Although the British pound has continued to edge higher after rebounding from 1.4781 and initial upside bias remains for retracement of recent decline to 1.5120/30, however, reckon 1.5176-78 (38.2% Fibonacci retracement of 1.5816 to 1.4781 and 50% Fibonacci retracement of 1.5575 to 1.4781) would remain intact and bring another decline...
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