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Trade Idea : GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 31, 2016.

  1. Lily

    Lily Forum Member

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    As the British pound retreated after rising to 1.4459 yesterday, suggesting consolidation below this level would be seen and pullback to 1.4325-27 (50% Fibonacci retracement of 1.4195-1.4459) cannot be ruled out, however, reckon 1.4327 (50% Fibonacci retracement) would limit downside and price should stay above[​IMG]

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