Trade Idea Update: GBP/USD - Sell at 1.4640

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 7, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the British pound has fallen again after brief recovery and broke below indicated previous support at 1.4566, adding credence to our view that recent decline is still in progress and may extend weakness to 1.4520 and then 1.4500, however, oversold condition should limit downside and reckon 1.4470 would hold from here.[​IMG]

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