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Trade Idea Update: GBP/USD - Buy again at 1.4535

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 19, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The British pound rallied after finding decent demand at 1.4403 yesterday, adding credence to our view that low has been formed at 1.4332 earlier this week, hence mild upside bias remains for retracement of recent decline from 1.4770 to 1.4675-80 (50% projection of 1.4403-1.4635 measuring from 1.4562), then 1.4700-05[​IMG]

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