Trade Idea Update: GBP/USD - Hold long entered 1.4617

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 25, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As cable has risen again after finding renewed buying interest just above 1.4600, retaining our bullishness for recent rise from 1.4332 to resume and further gain to 1.4715 (1.618 times projection of 1.4332-1.4525 measuring from 1.4403) but near term overbought condition should limit upside to 1.4735-40 and price should falter well below[​IMG]

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