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Trade Idea : GBP/USD - Buy at 1.5000

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 8, 2015.

  1. Lily

    Lily Forum Member

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    As the British pound has remained under near term pressure, suggesting downside risk remains for the fall from 1.5159 top to extend weakness to 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159), however, as a temporary low has been formed at 1.4895 last week, reckon downside would be limited and bring another[​IMG]

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