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Trade Idea Update: GBP/USD - Hold short entered at 1.4320

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 1, 2016.

  1. Lily

    Lily Forum Member

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    Although the British pound staged a strong rebound after falling to 1.4149 on Friday, as the selloff from 1.4413 (last week's high) suggests top has possibly been formed there, reckon upside would be limited and the upper Kumo (now at 1.4322) should hold, bring another decline, below 1.4225-30 would signal[​IMG]

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