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Trade Idea Update: GBP/USD - Buy at 1.4300

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 21, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As cable has retreated after rising to 1.4515 last week, suggesting consolidation below this level would be seen and downside risk is for retracement to 1.4335-40 (38.2% Fibonacci retracement of 1.4053-1.4515), however, reckon downside would be limited to 1.4300 and bring rebound later, above the Tenkan-Sen (now at 1.4421) would bring test of[​IMG]

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