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Trade Idea Update: GBP/USD - Sell at 1.4735

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

  1. Lily

    Lily Forum Member

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    As the British pound has remained under pressure after recent selloff, bearishness remains for recent decline to extend further weakness to 1.4590, however, near term oversold condition should prevent sharp fall below previous chart support at 1.4566 and reckon 1.4545-50 would hold on first testing, risk from there is seen[​IMG]

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