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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 6, 2016.

  1. Lily

    Lily Forum Member

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    As cable has remained under pressure, suggesting the reversal from this week's high of 1.4770 is still in progress and may extend weakness to 1.4430 (50% Fibonacci retracement of 1.4090-1.4770) and possibly towards 1.4403 support, however, loss of downward momentum should prevent sharp fall below[​IMG]

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