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Trade Idea Update: GBP/USD - Sell at 1.5220

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 11, 2015.

  1. Lily

    Lily Forum Member

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    As cable has maintained a firm undertone and near term upside risk remains for the rebound from 1.5027 (last week's low) to bring retracement of recent decline, above 1.5187 (38.2% Fibonacci retracement of 1.5445-1.5027) would bring a stronger rebound towards 1.5220, however, reckon upside would be limited to 1.5235-40 (50%[​IMG]

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