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Trade Idea Update: GBP/USD - Buy at 1.4155 or sell at 1.4285

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 22, 2016.

  1. Lily

    Lily Forum Member

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    Yesterday's rebound from 1.4080 adds credence to our view that low has been formed at 1.4080 and consolidation with upside bias remains for retracement of recent decline and gain 1.4310 is likely, however, reckon 1.4340-43 (previous resistance and 50% Fibonacci retracement of 1.4605-1.4080) would limit upside and price should falter[​IMG]

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