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Trade Idea Update: GBP/USD - Stand aside

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

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the British pound dropped sharply from 1.5018 to 1.3228 after Brexit confirmation, as cable found support there and has staged a strong rebound, suggesting initial upside risk is seen for retracement towards 1.3990-00, however, reckon upside would be limited to 1.4050 and price should falter well below 1.4120-25[​IMG]

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