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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 23, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The British pound has fallen again after brief recovery, suggesting the decline from 1.4515 top is still in progress and may extend weakness to 1.4120, however, reckon downside would be limited to 1.4095-97 (61.8% Fibonacci retracement of 1.3836-1.4515 and 2 times extension of 1.4515-1.4365 measuring from 1.4398) and reckon previous support at[​IMG]

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