Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Current selloff in London morning suggests top has been formed at 1.4515 late last week and near term downside risk remains for retracement of recent rise, hence weakness to 1.4250 cannot be ruled out, however, reckon 1.4221-30 (previous support and 61.8% Fibonacci retracement of 1.4054-1.4515) would limit downside[​IMG]

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