Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 16, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The British pound has fallen again after brief bounce to 1.4198, suggesting the decline from 1.4437 top (last week's high) is still in progress and may extend weakness to 1.4065-70 (61.8% Fibonacci retracement of 1.3836-1.4437), then 1.4050 (approx. 50% projection of 1.4437-1.4147 measuring from 1.4198), however, loss of near term[​IMG]

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