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Trade Idea Update: GBP/USD - Sell at 1.4570 or buy at 1.4385

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 5, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As cable has remained under pressure after this week's reversal from 1.4770 top, retaining our view that further consolidation with downside bias would seen for retracement of recent upmove to 1.4430 (50% Fibonacci retracement of 1.4090-1.4770) and possibly towards 1.4403 support, however, reckon loss of momentum should prevent sharp fall below 1.4385-90[​IMG]

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