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Trade Idea Update: GBP/USD - Sell at 1.4555 or buy at 1.4340

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 3, 2016.

  1. Lily

    Lily Forum Member

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    Although current rebound on dollar's broad-based weakness suggests near term upside risk remains for retracement of recent decline and gain towards 1.4555 (50% Fibonacci retracement of 1.4724-1.4386) cannot be ruled out, however, renewed selling interest should emerge there and bring another decline later. Below 1.4440-50 would bring retest of 1.4386[​IMG]

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