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Trade Idea Update: GBP/USD - Hold long entered at 1.4645

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 3, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the British pound has retreated after intra-day rise to 1.4770, suggesting consolidation below this level would be seen and marginal weakness from here cannot be ruled out, however, reckon downside would be limited and bring another rise, above 1.4700 would suggest the pullback from 1.4770 has ended, bring rebound[​IMG]

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