Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 19, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The British pound dropped again after intra-day brief bounce to 1.4340, suggesting recent downtrend is still in progress and may extend weakness to 1.4200, however, loss of downward momentum should prevent sharp fall below 1.4170 and reckon 1.4150 would hold from here, risk from there is seen for another rebound to take place.[​IMG]

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