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Trade Idea Update: GBP/USD - Buy at 1.4540

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Yesterday's rally to 1.4649 on dollar's broad-based selloff adds credence to our view that the erratic rise from 1.4080 low is still in progress and may extend further gain towards 1.4690-00 (1.236 times projection of 1.4149-1.4445 measuring from 1.4326), however, near term overbought condition should limit upside to[​IMG]

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