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Trade Idea: GBP/USD - Sell at 1.3055

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 6, 2016.

  1. Lily

    Lily Forum Member

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    Although the British pound rebounded after falling sharply to 1.2795 and consolidation with initial upside bias is seen for retracement to 1.3000-05 (previous support and 38.2% Fibonacci retracement of 1.3342-1.2795), reckon upside would be limited to 1.3065-70 (50% Fibonacci retracement) and bring another decline later. Below 1.2890-95 would signal top[​IMG]

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