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Trade Idea Update: GBP/USD - Sell at 1.3165 or buy at 1.3000

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 10, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Cable's intra-day rebound after finding good support at 1.2956 yesterday suggests a temporary low has been formed there, hence consolidation with upside bias is seen for retracement to previous resistance at 1.3097, however, reckon upside would be limited to 1.3115 (38.2% Fibonacci retracement of 1.3372-1.2956), bring retreat later. Below 1.2980[​IMG]

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