Trade Idea: GBP/USD - Exit long entered at 1.5045

[Forex-Outlook]

Intra-day sharp retreat partly due to risk aversion suggests top has been formed at 1.5218 and downside risk remains for further weakness to 1.5000 (50% Fibonacci retracement of 1.4781 to 1.5218) and then towards 1.4948 (61.8% Fibonacci retracement), however, only a firm breach below latter level would signal the entire...

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