Trade Idea Update: GBP/USD - Stand aside

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

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The British pound has dropped again after meeting renewed selling interest at 1.5446, adding credence to our view that top has been formed at 1.5498 and consolidation with mild downside bias remains for weakness towards 1.5340-45 (61.8% Fibonacci retracement of 1.5243-1.5498), however, as broad outlook remains consolidative, reckon minor support[​IMG]

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