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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 16, 2016.

  1. Lily

    Lily Forum Member

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    Cable’s recovery after falling to 1.4091 earlier this week suggests consolidation above this level would be seen and corrective bounce to 1.4220-25 cannot be ruled out, above there would bring a stronger rebound to 1.4285-90 (38.2% Fibonacci retracement of 1.4609-1.4091), however, reckon upside would be limited to resistance at 1.4328[​IMG]

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