Trade Idea Update: GBP/USD - Sell at 1.5170

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 9, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As cable has recovered after last week's selloff to 1.5027, suggesting minor consolidation above this level would be seen and corrective bounce to 1.5150-55 cannot be ruled out, however, reckon upside would be limited to 1.5170 (38.2% Fibonacci retracement of 1.5402-1.5027), bring another decline later, break of said support at[​IMG]

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