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Trade Idea : GBP/USD - Stand aside

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

  1. Lily

    Lily Forum Member

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    Although the British pound has remained under pressure and downside risk remains for recent selloff from 1.3372 to extend further weakness to 1.2920 and then 1.2900, loss of near term downward momentum should prevent sharp fall below 1.2870-75 and reckon 1.2850 would hold from here, bring another rebound later.

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