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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 24, 2016.

  1. Lily

    Lily Forum Member

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    The British pound has rebounded after intra-day initial fall to 1.4057, suggesting consolidation above this level would be seen and recovery to 1.4160 and possibly 1.4187-90 (38.2% Fibonacci retracement of 1.4398-1.4057 and previous support) is likely, however, reckon 1.4227 (previous resistance as well as 50% Fibonacci retracement) would limit upside[​IMG]

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