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Trade Idea : GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 22, 2016.

  1. Lily

    Lily Forum Member

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    Current selloff in London morning suggests top has been formed at 1.4515 late last week and near term downside risk remains for retracement of recent rise, hence weakness to 1.4280-85 (50% Fibonacci retracement of 1.4054-1.4515) cannot be ruled out, however, near term oversold condition should limit downside to 1.4250 and reckon[​IMG]

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