Trade Idea Update: GBP/USD - Hold short entered at 1.5220

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 12, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the British pound rose to 1.5247 earlier today, as price has retreated from there, suggesting consolidation with mild downside bias would be seen but below support at 1.5134 is needed to signal top is formed, bring weakness to 1.5090-00, break there would indicate the rebound from 1.5027 has ended,[​IMG]

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