Trade Idea Update: GBP/USD - Buy at 1.5250

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 7, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As cable's rise has gathered momentum after breaking resistance at 1.5245 (now support), adding credence to our view that low has been formed at 1.5107 last week and bullishness remains for the rebound from there to bring retracement of recent decline to 1.5337-41 (50% Fibonacci retracement of 1.5568-1.5107 and previous[​IMG]

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