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Trade Idea : GBP/USD - Sell at 1.5190 or buy at 1.5020

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 27, 2015.

  1. Lily

    Lily Forum Member

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    Cable's consolidation above this week's low at 1.5054 is likely to continue and although another bounce to 1.5152-56 (38.2% Fibonacci retracement of 1.5310-1.5054 and previous resistance) cannot be ruled out, reckon resistance at 1.5190 would limit upside and bring another decline later. A break of said support at 1.5054 would[​IMG]

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