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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 12, 2016.

  1. Lily

    Lily Forum Member

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    The British pound has risen again after brief pullback, suggesting near term upside risk remains for the erratic rise from 1.2795 low to bring a stronger retracement of recent decline, hence upside risk remains for further gain to 1.3160-65 (50% Fibonacci retracement of 1.3534-1.2795), then towards 1.3206 (previous support, now[​IMG]

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