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Trade Idea : GBP/USD - Sell at 1.5460

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 23, 2015.

  1. Lily

    Lily Forum Member

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    Cable's retreat after yesterday's brief rise to 1.5510 signals top has been formed there and consolidation with downside bias is seen for at least a correction of recent rise, hence weakness to 1.5350-55 (50% Fibonacci retracement of 1.5201-1.5510) is likely, however, reckon 1.5315-20 (61.8% Fibonacci retracement) would hold on first[​IMG]

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