Trade Idea Update: GBP/USD - Sell at 1.4640

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 11, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The British pound has continued to edge higher after rebounding from 1.4495 temporary low, retaining our view that consolidation above this level would be seen and corrective bounce to 1.4615-20 (38.2% Fibonacci retracement of 1.4816-1.4495) is likely, however, reckon resistance at 1.4645 would limit upside and bring another decline. Below[​IMG]

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