Trade Idea: GBP/USD - Sell at 1.4370

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 17, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Although cable has staged a strong rebound after yesterday's brief fall to 1.4012 and broke above resistance at 1.4219, as this move is viewed as retracement of recent decline, reckon upside would be limited to 1.4335-40 (50% Fibonacci retracement of 1.4662-1.4012) and 1.4370-75 should hold, bring another decline later. Below[​IMG]

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