Trade Idea Update: GBP/USD - Sell at 1.3090 or buy at 1.2900

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 20, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As cable has dropped again and broken below indicated support at 1.2996, adding credence to our view that the decline from 1.3445 is still in progress and further weakness to 1.2940-50 (1.618 times projection of 1.3347-1.3138 measuring from 1.3279 and 50% projection of 1.3279-1.2996 measuring from 1.3091), however, loss of momentum would limit downside[​IMG]

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