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Trade Idea Update: GBP/USD - Sell at 1.5155 or buy at 1.5040

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 24, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    The British pound has fallen again after meeting renewed selling interest at 1.5156, suggesting the decline from 1.5336 is still in progress and may extend weakness to 1.5040-45 (50% projection of 1.5336-1.5109 measuring from 1.5156), however, loss of downward momentum should prevent sharp fall below previous support at 1.5027 and bring rebound later.[​IMG]

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