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Trade Idea Update: GBP/USD - Sell at 1.4175

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 22, 2016.

  1. Lily

    Lily Forum Member

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    As cable's intra-day selloff has gathered momentum and intra-day breach of recent low at 1.4080 signal early downtrend has resumed and further weakness to 1.4050-55 is likely, however, near term oversold condition should limit downside to 1.4000-10, risk from there has increased for a corrective rebound to take place later.[​IMG]

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