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Banker928
Feb 14, 2014 3:29 PM

GBPUSD Ripe For Correction Short

British Pound/U.S. DollarFXCM

Description

Short at 1.6735. This pair is overbought on nearly every time frame... and is pushing against a MAJOR weekly resistance line. after a rise of nearly 400 pips without a major correction we are prime time for a nice retracement at this level. Targetting the 1.6550 level for a take profit area and using 1.6830 as a stop loss.
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