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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 2, 2016.

  1. Lily

    Lily Forum Member

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    As the British pound has retreated after rallying to 1.4445 yesterday, suggesting consolidation below this level would be seen and pullback to the Kijun-Sen (now at 1.4345) is likely, however, downside should be limited to 1.4300 and reckon the upper Kumo (now at 1.4281) would hold, price should stay well[​IMG]

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