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Trade Idea : GBP/USD - Buy at 1.2240

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 12, 2017 at 9:01 AM.

  1. Lily

    Lily Forum Member

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    Although cable fell briefly to 1.2038, lack of follow through selling and the subsequent rally above resistance at 1.2272 signal a temporary low has been made there (medium term downtrend is not ready to resume yet), hence upside bias is seen for the strong rebound from there to bring retracement[​IMG]

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