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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 27, 2016.

  1. Lily

    Lily Forum Member

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    Although the British pound has retreated after yesterday's rebound to 1.3176, break of support at 1.3058 (yesterday's low) is needed to signal the fall from 1.3481 is still in progress and extend weakness to 1.3040, then towards 1.3000 but oversold condition should prevent sharp fall below 1.2970-75, risk from there[​IMG]

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