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Trade Idea Update: GBP/USD - Buy at 1.4305

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 20, 2016.

  1. Lily

    Lily Forum Member

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    Although cable has retreated after rising to 1.4419 yesterday and consolidation below this level is seen with initial downside bias for correction to 1.4325-30, reckon 1.4300-10 (38.2% Fibonacci retracement of 1.4131-1.4419) would limit downside and bring another upmove later, above said resistance at 1.4419 would extend the erratic rise from 1.4005 low to[​IMG]

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