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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 9, 2016.

  1. Lily

    Lily Forum Member

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    Cable's retreat after rising to 1.4284 earlier this week has retained our view that further consolidation below this level would be seen and pullback to 1.4160-65 cannot be ruled out, however, reckon 1.4134-39 (previous support and 38.2% Fibonacci retracement of 1.3904-1.4284 respectively) would limit downside and previous support at 1.4107[​IMG]

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