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Trade Idea: GBP/USD - Sell at 1.4640

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 12, 2016.

  1. Lily

    Lily Forum Member

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    Cable's retreated from yesterday's high of 1.4605 needs to penetrate indicated support at 1.4495 to confirm recent decline has once again resumed and extend weakness to 1.4470 (61.8% projection of 1.4816-1.4533 measuring from 1.4645), however, loss of momentum should prevent sharp fall below 1.4440-50. If said support at 1.4495 continues[​IMG]

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