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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 11, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable has retreated after faltering below resistance at 1.4480 and consolidation below this level would be seen, as long as indicated support at 1.4375-80 holds, mild upside bias remains for another rebound, above 1.4480 resistance would signal low has possibly been formed, bring a stronger rebound to 1.4525-30 (38.2%[​IMG]

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