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Trade Idea Update: GBP/USD - Sell at 1.4530

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 13, 2016.

  1. Lily

    Lily Forum Member

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    As the British pound has rebounded after dropping sharply to 1.4352 yesterday, suggesting consolidation above this level would be seen and recovery to previous support at 1.4495 cannot be ruled out, however, reckon upside would be limited to 1.4525-30 (38.2% Fibonacci retracement of 1.4816-1.4352) and bring another decline, below 1.4400[​IMG]

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