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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 10, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the British pound traded lower again today, suggesting near term downside risk remains for the retreat from 1.4662 to extend weakness to 1.4405-10, however, as broad outlook remains consolidative, reckon downside would be limited to 1.4375-80 and price should stay above support at 1.4352, bring another rebound later.[​IMG]

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