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Trade Idea Update: GBP/USD - Hold short entered at 1.2300

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 12, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the British pound rebounded after yesterday's anticipated fall to 1.2089 and consolidation above this level would be seen, as long as minor resistance at 1.2329 holds, bearishness remains for another fall to said support at 1.2089 but break there is needed to signal recent downtrend has resumed for retest[​IMG]

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