Trade Idea Update: GBP/USD - Sell at 1.4995

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 3, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Yesterday's selloff after breaking below support at 1.4994 (now resistance) signals the decline from 1.5930 top is still in progress and may extend further weakness to 1.4890 and then 1.4850-60, however, near term oversold condition should prevent sharp fall below latter level and reckon 1.4820-25 would hold from here, risk[​IMG]

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