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Trade Idea: GBP/USD - Buy at 1.4535

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 19, 2016.

  1. Lily

    Lily Forum Member

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    The British pound rallied after finding decent demand at 1.4403 yesterday, adding credence to our view that low has been formed at 1.4332 earlier this week, hence mild upside bias remains for retracement of recent decline from 1.4770 to 1.4640-45 (1.236 times projection of 1.4332-1.4525 measuring from 1.4403), then 1.4675-80,[​IMG]

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