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Trade Idea: GBP/USD - Buy at 1.4155

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Yesterday's rebound from 1.4080 adds credence to our view that low has been formed at 1.4080 and consolidation with upside bias remains for retracement of recent decline and gain towards 1.4280-85 (38.2% Fibonacci retracement of 1.4605-1.4080), however, reckon upside would be limited to 1.4300 and price should falter below 1.4340-45[​IMG]

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