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Trade Idea Update: GBP/USD - Hold long entered at 1.4410

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 10, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Cable met resistance at 1.4480 yesterday and retreated, however, as long as indicated support at 1.4375 holds, consolidation with mild upside bias remains for another rebound, above said resistance would add credence to our view that low is possibly formed, bring rebound to 1.4525-30 (38.2% Fibonacci retracement of 1.4770-1.4375) and[​IMG]

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