Trade Idea Update: GBP/USD - Sell at 1.4520 or buy at 1.4370

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 2, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the British pound has recovered after falling to 1.4386 yesterday, suggesting consolidation above this level would be seen and recovery to resistance at 1.4508 cannot be ruled out, however, reckon the lower Kumo (now at 1.4532) would limit upside and bring another decline later to 1.4370-75 (50% projection of[​IMG]

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