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Trade Idea : GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 3, 2015.

  1. Lily

    Lily Forum Member

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    Yesterday's retreat from 1.5498 to 1.5404 suggests top has possibly been formed there and consolidation below this level would be seen, break of 1.5401-04 (38.2% Fibonacci retracement of 1.5243-1.5498 and said support) would add credence to this view, bring retracement of this rise to 1.5370 (50% Fibonacci retracement of 1.5243-1.5498),[​IMG]

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