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Trade Idea Update: GBP/USD - Sell at 1.3070

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 7, 2016.

  1. Lily

    Lily Forum Member

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    As cable has recovered after holding above support at 1.2864, retaining our view that further consolidation above this week’s low at 1.2795 would be seen and another bounce is likely, however, reckon 1.3065-70 (50% Fibonacci retracement of 1.3342-1.2795) would limit upside, bring another selloff. Below 1.2940 would bring weakness to[​IMG]

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