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Trade Idea Update: GBP/USD - Hold long entered at 1.4740

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 4, 2016.

  1. Lily

    Lily Forum Member

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    Although the British pound fell briefly to 1.4693 earlier today, cable found good support there and has rebounded, the breach of indicated resistance at 1.4783 adds credence to our view that low is possibly formed there and consolidation with upside bias remains for further gain towards resistance at 1.4849 but[​IMG]

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