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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 20, 2016.

  1. Lily

    Lily Forum Member

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    As cable has rallied after opening higher earlier today, suggesting the reversal from 1.4012 low is still in progress and may extend further gain to 1.4690-00, however, as this move is over-extended, reckon upside would be limited to resistance at 1.4740 and price should falter below another previous resistance at 1.4770[​IMG]

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