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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 30, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As cable has remained under near term pressure, suggesting initial downside risk remains for the retreat from last week's high of 1.4740 to extend weakness towards 1.4555-60 (61.8% Fibonacci retracement of 1.4442-1.4740), however, reckon downside would be limited to 1.4500-05 and price should stay well above previous support at 1.4442,[​IMG]

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