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Trade Idea Update: GBP/USD - Sell at 1.5005

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 22, 2015.

  1. Lily

    Lily Forum Member

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    The British pound has remained confined within recent established range and further consolidation is in store before decline resumes, break of support at 1.4865 would extend weakness to 1.4850, then towards 1.4820-25, however, loss of near term downward momentum should prevent sharp fall below 1.4790-00, risk from there is seen[​IMG]

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