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Trade Idea: GBP/USD - Buy at 1.4055

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 14, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable has retreated after meeting renewed selling interest at 1.4328 and near term downside risk remains for the decline from 1.4662 to extend weakness to 1.4115, loss of downward momentum should prevent sharp fall below 1.4050-55 (50% projection of 1.4609-1.4115 measuring from 1.4328), bring rebound later. Above the Kijun-Sen[​IMG]

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