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Trade Idea Update: GBP/USD - Sell at 1.4500

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 12, 2016.

  1. Lily

    Lily Forum Member

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    Cable has resumed and decline has accelerated after breaking support at 1.4495, suggesting recent selloff in still in progress and may extend weakness to 1.4400-05, however, near term oversold condition should prevent sharp fall below 1.4370-75 and reckon 1.4300 would hold from here, risk from there is seen for a[​IMG]

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