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Trade Idea Update: GBP/USD - Sell at 1.4015

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 24, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As cable's decline has gathered momentum, adding credence to our view that recent selloff is still in progress and may extend weakness to 1.3890 (200% extension of 1.4645-1.4352 measuring from 1.4476), then towards 1.3850-60, however, near term oversold condition should prevent sharp fall below[​IMG]

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