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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 11, 2016.

  1. Lily

    Lily Forum Member

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    Current break of resistance at 1.4171-72 suggests a temporary low has been formed at 1.4005 last week and near term upside risk remains for retracement of recent decline from 1.4459 to 1.4230-35 (50% Fibonacci retracement of 1.4459-1.4005), however, reckon upside would be limited to 1.4280-85 (61.8% Fibonacci retracement) and price[​IMG]

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